Newbury Street Acquisition Co. (NASDAQ:NBST - Get Free Report) traded down 5.1% during trading on Monday . The company traded as low as $11.00 and last traded at $11.00. 1,000 shares changed hands during trading, a decline of 91% from the average session volume of 11,064 shares. The stock had previously closed at $11.59.
Newbury Street Acquisition Price Performance
The stock has a fifty day moving average price of $10.86 and a 200-day moving average price of $10.89.
Institutional Trading of Newbury Street Acquisition
An institutional investor recently raised its position in Newbury Street Acquisition stock. Clear Street LLC boosted its position in shares of Newbury Street Acquisition Co. (NASDAQ:NBST - Free Report) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,425 shares of the company's stock after acquiring an additional 4,390 shares during the period. Clear Street LLC owned 1.58% of Newbury Street Acquisition worth $857,000 as of its most recent filing with the Securities & Exchange Commission. 35.91% of the stock is currently owned by institutional investors and hedge funds.
Newbury Street Acquisition Company Profile
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Newbury Street Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on technology business in the consumer internet or media space, including sports and entertainment verticals.
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