Pershing Square (OTCMKTS:PSHZF) Shares Gap Up – Should You Buy?

by · The Markets Daily

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF – Get Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $64.55, but opened at $66.75. Pershing Square shares last traded at $65.70, with a volume of 1,838 shares trading hands.

Pershing Square Trading Up 0.2%

The stock has a 50 day moving average of $64.09 and a 200-day moving average of $60.29.

About Pershing Square

(Get Free Report)

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.

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