Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) Shares Down 0% – Here’s Why

Newbury Street II Acquisition Corp – Warrant (NASDAQ:NTWOW) fell 0% during trading on Friday . The stock traded as low as $0.27 and last traded at $0.27. 198,200 shares were traded during mid-day trading, an increase of 284% from the average session volume of 51,675 shares. The stock had previously closed at $0.2701.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Warrant in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Newbury Street II Acquisition Corp – Warrant Price Performance

The firm 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.