Pershing Square Inc. (NYSE:PS – Get Free Report)’s share price traded down 5.5% during trading on Thursday . The stock traded as low as $36.60 and last traded at $36.61. 118,360 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 955,392 shares. The stock had previously closed at $38.74.
Pershing Square Price Performance
The stock has a market capitalization of $5.50 billion, a P/E ratio of -31.92 and a beta of 2.27.
Insider Activity at Pershing Square
In other news, CEO William A. Ackman acquired 800,000 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $23.77 per share, for a total transaction of $19,016,000.00. Following the completion of the acquisition, the chief executive officer owned 1,500,000 shares in the company, valued at approximately $35,655,000. The trade was a 114.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.79% of the stock is currently owned by company insiders.
About Pershing Square
Pershing Square (NYSE: PS) is a publicly traded investment holding company managed by Pershing Square Capital Management, L.P., the investment firm founded and led by William “Bill” Ackman. The vehicle provides outside investors with exposure to the firm’s concentrated, actively managed investment program and is designed to deliver long‑term capital appreciation through a portfolio of equity and related positions.
The company’s principal activities center on investing in publicly traded companies, typically through concentrated long equity positions and selectively using derivatives or other instruments for hedging or to implement investment views.
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