CC Neuberger Principal Holdings II (NYSE:PRPB) Shares Up 2.1% – Still a Buy?

CC Neuberger Principal Holdings II (NYSE:PRPB) traded up 2.1% on Friday . The stock traded as high as $0.8499 and last traded at $0.8347. 1,943,655 shares were traded during mid-day trading, an increase of 299% from the average session volume of 487,352 shares. The stock had previously closed at $0.8173.

CC Neuberger Principal Holdings II Price Performance

The stock has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $1.50.

About CC Neuberger Principal Holdings II

CC Neuberger Principal Holdings II (NYSE: PRPB) is a special purpose acquisition company (SPAC) formed to effectuate a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company held its initial public offering in September 2020 and has not yet consummated a business combination. PRPB’s shares and warrants are traded on the New York Stock Exchange, and its proceeds are held in a trust account pending identification of a suitable target.

Sponsors of CC Neuberger Principal Holdings II include CC Capital Partners, Neuberger Berman and Principal Financial Group.