Newborn Acquisition (OTCMKTS:NBACU) Trading Down 0.2% – Here’s Why

Newborn Acquisition Corp. (OTCMKTS:NBACU)’s stock price fell 0.2% during mid-day trading on Wednesday . The stock traded as low as $18.80 and last traded at $18.80. 400 shares were traded during mid-day trading, a decline of 82% from the average session volume of 2,260 shares. The stock had previously closed at $18.84.

Newborn Acquisition Stock Performance

The business’s 50 day simple moving average is $18.80 and its 200 day simple moving average is $18.80.

About Newborn Acquisition

Newborn Acquisition Corp. does not have significant operations. It intends to acquire, through a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, one or more businesses or entities operating in Asia (excluding China) and the United States.