Insider Selling: Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Major Shareholder Sells $873,192.87 in Stock

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) major shareholder Alpine Global Management, Llc sold 80,183 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $10.89, for a total value of $873,192.87. Following the completion of the transaction, the insider owned 300,000 shares in the company, valued at approximately $3,267,000. The trade was a 21.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, November 5th, Alpine Global Management, Llc sold 130,000 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock. The stock was sold at an average price of $10.87, for a total value of $1,413,100.00.

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

Shares of NTWO traded down $0.01 during mid-day trading on Monday, hitting $10.99. The stock had a trading volume of 87,223 shares, compared to its average volume of 234,633. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 52 week low of $10.35 and a 52 week high of $12.14. The business has a fifty 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 (NASDAQ:NTWO) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.04 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered 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 analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Robinson Capital Management LLC boosted its stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 78.7% during the second quarter. Robinson Capital Management LLC now owns 27,250 shares of the company’s stock valued at $290,000 after buying an additional 12,000 shares during the period. T3 Companies LLC purchased a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 3rd quarter valued at about $1,182,000. Periscope Capital Inc. bought a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter valued at about $1,292,000. Sona Asset Management US LLC purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the first quarter worth about $1,764,000. Finally, Wealthspring Capital LLC bought a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the third quarter worth approximately $4,751,000.

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