Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO – Get Free Report) released its earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.
Newbury Street II Acquisition Corp – Class A Ordinary Shares Price Performance
Newbury Street II Acquisition Corp – Class A Ordinary Shares stock remained flat at $10.64 during midday trading on Tuesday. 106 shares of the company were exchanged, compared to its average volume of 19,295. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 12 month low of $10.13 and a 12 month high of $10.64. The stock has a 50-day simple moving average of $10.54 and a two-hundred day simple moving average of $10.47.
Hedge Funds Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares
Hedge funds have recently bought and sold shares of the business. Hudson Bay Capital Management LP bought a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the second quarter worth about $8,995,000. Goldman Sachs Group Inc. purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 1st quarter worth $4,396,000. Whitebox Advisors LLC bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter valued at $3,859,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter worth $2,854,000. Finally, Moore Capital Management LP bought a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter worth $2,058,000.
Newbury Street II Acquisition Corp – Class A Ordinary Shares Company Profile
Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.
The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.
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