Newborn Acquisition (OTCMKTS:NBACU) Stock Price Down 0.2% – Time to Sell?

Newborn Acquisition Corp. (OTCMKTS:NBACU) shares dropped 0.2% during mid-day trading on Monday . The stock traded as low as $18.80 and last traded at $18.80. Approximately 400 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 2,260 shares. The stock had previously closed at $18.84.

Newborn Acquisition Stock Down 0.2 %

The firm’s 50 day moving average is $18.80 and its 200-day moving average is $18.80.

Newborn Acquisition Company Profile

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.