Bruce Herring Acquires 5,000 Shares of Pershing Square USA (NYSE:PSUS) Stock

Pershing Square USA, Ltd. (NYSE:PSUS – Get Free Report) insider Bruce Herring purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average cost of $40.25 per share, for a total transaction of $201,250.00. Following the completion of the acquisition, the insider directly owned 15,000 shares of the company’s stock, valued at $603,750. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Bruce Herring also recently made the following trade(s):

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• On Thursday, April 30th, Bruce Herring bought 10,000 shares of Pershing Square USA stock. The stock was bought at an average price of $43.41 per share, for a total transaction of $434,100.00.

Pershing Square USA Stock Performance

Shares of Pershing Square USA stock traded down $0.66 during trading on Wednesday, reaching $39.41. The company had a trading volume of 491,647 shares, compared to its average volume of 846,157. Pershing Square USA, Ltd. has a fifty-two week low of $37.15 and a fifty-two week high of $44.00.

Analysts Set New Price Targets

Separately, Jefferies Financial Group assumed coverage on shares of Pershing Square USA in a report on Monday, May 25th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Pershing Square USA currently has an average rating of “Buy”.

Check Out Our Latest Stock Analysis on PSUS

Pershing Square USA, Inc (NYSE: PSUS) is a publicly traded investment company that provides investors with exposure to the investment strategies of Pershing Square Capital Management L.P., an investment adviser led by William A. Ackman. The company is listed on the New York Stock Exchange and functions as a vehicle through which shareholders can gain access to concentrated public equity investments managed by the Pershing Square team.

The firm’s main business activity is portfolio management: acquiring and holding equity positions in publicly traded companies with the objective of long‑term capital appreciation.

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