Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Major Shareholder Alpine Global Management, Llc Sells 130,000 Shares of Stock

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) major shareholder Alpine Global Management, Llc sold 130,000 shares of the firm’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $10.87, for a total value of $1,413,100.00. Following the completion of the sale, the insider directly owned 380,183 shares in the company, valued at approximately $4,132,589.21. The trade was a 25.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, November 4th, Alpine Global Management, Llc sold 5,382 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock. The shares were sold at an average price of $11.10, for a total value of $59,740.20.
• On Friday, November 6th, Alpine Global Management, Llc sold 80,183 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock. The stock was sold at an average price of $10.89, for a total value of $873,192.87.

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

Shares of NASDAQ NTWO opened at $10.99 on Tuesday. 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. The business has a 50-day moving average of $10.88 and a 200-day moving average of $10.70.

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 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

Large investors have recently added to or reduced their stakes in the company. Sona Asset Management US LLC purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 1st quarter worth about $1,764,000. T3 Companies LLC bought a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter valued at about $1,182,000. Wealthspring Capital LLC bought a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter valued at about $4,751,000. Periscope Capital Inc. purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter valued at about $1,292,000. Finally, Robinson Capital Management LLC raised its holdings 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 valued at $290,000 after buying an additional 12,000 shares in the last quarter.

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