Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Shares Down 0.2% – Here’s What Happened

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) shares traded down 0.2% during trading on Tuesday . The company traded as low as $10.50 and last traded at $10.50. 1,900 shares were traded during trading, a decline of 94% from the average session volume of 31,294 shares. The stock had previously closed at $10.52.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Stock Performance

The business has a 50 day simple moving average of $10.48 and a 200-day simple moving average of $10.41.

Institutional Investors Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Magnetar Financial LLC acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter worth approximately $14,906,000. Wolverine Asset Management LLC grew its position in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 6.9% in the fourth quarter. Wolverine Asset Management LLC now owns 1,076,270 shares of the company’s stock worth $11,225,000 after buying an additional 69,653 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the second quarter valued at $8,995,000. Wealthspring Capital LLC lifted its position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 808.4% during the 2nd quarter. Wealthspring Capital LLC now owns 574,364 shares of the company’s stock valued at $5,910,000 after acquiring an additional 511,134 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 1st quarter worth $4,396,000.

About Newbury Street II Acquisition Corp – Class A Ordinary Shares

Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.

The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.