Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Major Shareholder Alpine Global Management, Llc Sells 5,382 Shares of Company Stock

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) major shareholder Alpine Global Management, Llc sold 5,382 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock in a transaction on 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 in the company, valued at $5,663,031.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock 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 stock was sold at an average price of $10.89, for a total transaction 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 shares were 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 Stock Down 0.1%

Shares of NASDAQ:NTWO opened at $10.99 on Tuesday. The stock’s 50-day moving average is $10.88 and its 200-day moving average 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 posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.04 EPS for the quarter.

Analysts Set New Price Targets

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 report on Thursday, October 8th. One research 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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Robinson Capital Management LLC lifted 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 worth $290,000 after acquiring an additional 12,000 shares during the period. T3 Companies LLC bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the third quarter valued at about $1,182,000. Periscope Capital Inc. acquired a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the third quarter worth about $1,292,000. Sona Asset Management US LLC acquired a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the first quarter worth about $1,764,000. Finally, Wealthspring Capital LLC bought a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the third quarter worth about $4,751,000.

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