Newbury Street Acquisition (NASDAQ:NBST) Stock Price Down 0.3% – Here’s Why

Newbury Street Acquisition Co. (NASDAQ:NBST) shares traded down 0.3% during mid-day trading on Wednesday . The company traded as low as $10.60 and last traded at $10.69. 4,000 shares changed hands during mid-day 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 Down 0.3 %

The stock has a fifty day moving average price of $10.92 and a 200-day moving average price of $10.89.

Institutional Investors Weigh In On Newbury Street Acquisition

A hedge fund recently raised its stake in Newbury Street Acquisition stock. Clear Street LLC grew its position in Newbury Street Acquisition Co. (NASDAQ:NBST) by 5.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 78,425 shares of the company’s stock after buying an additional 4,390 shares during the period. Clear Street LLC owned 1.58% of Newbury Street Acquisition worth $857,000 at the end of the most recent reporting period. Institutional investors own 35.91% of the company’s stock.

About Newbury Street Acquisition

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.