Newborn Acquisition Corp. (OTCMKTS:NBACU – Get Free Report) was down 0.2% during mid-day trading on Thursday . The company traded as low as $18.80 and last traded at $18.80. Approximately 400 shares traded hands during trading, a decline of 82% from the average daily volume of 2,260 shares. The stock had previously closed at $18.84.
Newborn Acquisition Price Performance
The firm’s 50-day moving average is $18.80 and its 200-day 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.
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