Key Points
- William Ackman bought 800,000 Pershing Square shares on April 30 at an average price of $23.77, spending about $19.02 million and raising his stake to 1.5 million shares (a 114.29% increase), according to an SEC filing.
- Pershing Square stock is down roughly 10.5% and trades within a 52‑week range of $22.01–$38.27, with a market capitalization near $5.05 billion.
Pershing Square Inc. (NYSE:PS - Get Free Report) CEO William Ackman purchased 800,000 shares of the business's stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $23.77 per share, with a total value of $19,016,000.00. Following the completion of the purchase, the chief executive officer owned 1,500,000 shares in the company, valued at approximately $35,655,000. This trade represents a 114.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Pershing Square Stock Down 10.5%
NYSE PS opened at $34.01 on Tuesday. Pershing Square Inc. has a 52 week low of $22.01 and a 52 week high of $38.27. The stock has a market cap of $5.05 billion, a PE ratio of -29.32 and a beta of 2.27.
About Pershing Square
(
Get Free Report)
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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