Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Major Shareholder Sells 130,000 Shares of Company Stock

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) major shareholder Alpine Global Management, Llc sold 130,000 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $10.87, for a total value of $1,413,100.00. Following the sale, the insider directly owned 380,183 shares in the company, valued at $4,132,589.21. This represents a 25.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Alpine Global Management, Llc also recently made the following trade(s):

• On Friday, November 6th, Alpine Global Management, Llc sold 80,183 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock. The stock was sold at an average price of $10.89, for a total value of $873,192.87.

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

NASDAQ NTWO traded down $0.01 during midday trading on Monday, hitting $10.99. The company had a trading volume of 87,223 shares, compared to its average volume of 234,633. The firm has a 50-day moving average price of $10.88 and a 200-day moving average price of $10.70. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a twelve month low of $10.35 and a twelve month high of $12.14.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last released its earnings results on Wednesday, November 4th. The company reported $0.04 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Robinson Capital Management LLC boosted its holdings in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 78.7% in the 2nd quarter. Robinson Capital Management LLC now owns 27,250 shares of the company’s stock valued at $290,000 after purchasing an additional 12,000 shares in the last quarter. T3 Companies LLC acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter worth $1,182,000. Periscope Capital Inc. acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter worth $1,292,000. Sona Asset Management US LLC bought a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 1st quarter worth $1,764,000. Finally, Wealthspring Capital LLC bought a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter worth $4,751,000.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Company Profile