Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Major Shareholder Sells $1,413,100.00 in Stock

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) major shareholder Alpine Global Management, Llc sold 130,000 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $10.87, for a total transaction of $1,413,100.00. Following the transaction, the insider directly owned 380,183 shares of the company’s stock, valued at approximately $4,132,589.21. This trade represents a 25.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock 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 shares were sold at an average price of $10.89, for a total transaction of $873,192.87.

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

Shares of NTWO traded down $0.01 during trading hours on Monday, hitting $10.99. The company had a trading volume of 87,223 shares, compared to its average volume of 234,633. The business has a fifty day moving average of $10.88 and a 200-day moving average of $10.70. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 12 month low of $10.35 and a 12 month high of $12.14.

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

Hedge Funds Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

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

Analyst Upgrades and Downgrades

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

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