Insider Selling: Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Major Shareholder Sells $59,740.20 in Stock

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) major shareholder Alpine Global Management, Llc sold 5,382 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $11.10, for a total transaction of $59,740.20. Following the completion of the transaction, the insider owned 510,183 shares of the company’s stock, valued at approximately $5,663,031.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, November 6th, Alpine Global Management, Llc sold 80,183 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock. The shares were sold at an average price of $10.89, for a total value of $873,192.87.
• 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 transaction of $1,413,100.00.

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

NASDAQ:NTWO traded down $0.01 during trading hours on Monday, hitting $10.99. 87,223 shares of the stock were exchanged, compared to its average volume of 234,633. The firm’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 has a 52-week low of $10.35 and a 52-week high of $12.14.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

Several large investors have recently made changes to their positions in NTWO. 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 $1,764,000. T3 Companies LLC purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the third quarter valued at $1,182,000. Wealthspring Capital LLC acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the third quarter worth approximately $4,751,000. Periscope Capital Inc. purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter worth approximately $1,292,000. Finally, Robinson Capital Management LLC grew its position in 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 worth $290,000 after purchasing an additional 12,000 shares during the last quarter.

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