Starboard Value LP purchased a new stake in Nubia Brand International Corp. (NASDAQ:NUBI – Get Rating) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 500,000 shares of the company's stock, valued at approximately $4,980,000.

Separately, OLD Mission Capital LLC acquired a new stake in shares of Nubia Brand International in the 2nd quarter valued at about $305,000. Institutional investors own 69.27% of the company's stock.

Nubia Brand International Price Performance

Shares of NUBI remained flat at $10.17 during midday trading on Friday. The business's fifty day moving average price is $10.07. Nubia Brand International Corp. has a 12-month low of $9.94 and a 12-month high of $10.20.

Nubia Brand International Company Profile

Nubia Brand International Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify, acquire, and build a business operating in the wireless telecommunications sphere.

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