Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Stock Price Up 16.2% – Time to Buy?

Shares of Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) rose 16.2% on Thursday . The stock traded as high as $0.2916 and last traded at $0.2916. Approximately 100 shares changed hands during trading, a decline of 99% from the average daily volume of 11,498 shares. The stock had previously closed at $0.2510.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Warrant in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Newbury Street II Acquisition Corp – Warrant has an average rating of “Sell”.

Newbury Street II Acquisition Corp – Warrant Price Performance

The stock has a 50-day moving average of $0.28 and a 200 day moving average of $0.26.

Newbury Street II Acquisition Corp is a special purpose acquisition company (SPAC) incorporated in Delaware in 2020. As a blank check company, its sole purpose is to raise capital through an initial public offering and use those funds to acquire or merge with one or more businesses. The company’s units, ordinary shares and warrants are listed on the Nasdaq under the symbols “NTWO,” “NTWOU” and “NTWOW,” respectively.

The warrants, trading under the symbol NTWOW, each entitle the holder to purchase one share of Newbury Street II Acquisition Corp’s Class A ordinary stock at an exercise price of $11.50 per share.