Insider Selling: Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Major Shareholder Sells 80,183 Shares of Company 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 on Friday, November 6th. The shares were sold at an average price of $10.89, for a total transaction of $873,192.87. Following the sale, the insider directly owned 300,000 shares in the company, valued at $3,267,000. This trade represents a 21.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 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 shares were 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 Price Performance

NTWO traded down $0.01 during trading on Monday, hitting $10.99. The company’s 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 twelve month low of $10.35 and a twelve month high of $12.14. The stock’s fifty day moving average price is $10.88 and its 200-day moving average price is $10.70.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut 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 research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of Newbury Street II Acquisition Corp – Class A Ordinary Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealthspring Capital LLC purchased a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 3rd quarter valued at $4,751,000. Sona Asset Management US LLC bought a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 1st quarter worth $1,764,000. Periscope Capital Inc. purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 3rd quarter worth about $1,292,000. T3 Companies LLC purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 3rd quarter worth about $1,182,000. Finally, Robinson Capital Management LLC grew its position 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.

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