Newbury Street Acquisition (NASDAQ:NBST) Stock Price Down 0.3% - Should You Sell?

Shares of Newbury Street Acquisition Co. (NASDAQ:NBST - Get Free Report) fell 0.3% during trading on Wednesday . The company traded as low as $10.60 and last traded at $10.69. 4,000 shares traded hands during trading, an increase of 5,417% from the average session volume of 73 shares. The stock had previously closed at $10.72.

Newbury Street Acquisition Stock Performance

The business has a 50-day moving average of $10.91 and a 200 day moving average of $10.89.

Institutional Trading of Newbury Street Acquisition

An institutional investor recently raised its position in Newbury Street Acquisition stock. Clear Street LLC grew its holdings in shares of Newbury Street Acquisition Co. (NASDAQ:NBST - Free Report) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,425 shares of the company's stock after buying an additional 4,390 shares during the quarter. Clear Street LLC owned 1.58% of Newbury Street Acquisition worth $857,000 at the end of the most recent quarter. 35.91% of the stock is owned by institutional investors.

Newbury Street Acquisition Company Profile

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.