Key Points
- Insider Bruce Herring purchased 10,000 shares of Pershing Square USA (PSUS) on April 30 at an average price of $43.41$434,100, disclosed in an SEC Form 4 filing.
- The purchase left Herring with 10,000 shares (an apparent infinite percentage increase from prior zero ownership) and was made near PSUS's 52‑week high, with the stock recently trading around $42.41 and a 52‑week range of $40.33–$44.00.
- Pershing Square USA is a publicly traded vehicle that gives investors exposure to the concentrated public equity strategies of Pershing Square Capital Management, led by William A. Ackman.
Pershing Square USA, Ltd. (NYSE:PSUS - Get Free Report) insider Bruce Herring purchased 10,000 shares of the business's stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $43.41 per share, for a total transaction of $434,100.00. Following the purchase, the insider owned 10,000 shares of the company's stock, valued at $434,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Pershing Square USA Stock Down 0.9%
NYSE:PSUS opened at $42.41 on Tuesday. Pershing Square USA, Ltd. has a fifty-two week low of $40.33 and a fifty-two week high of $44.00.
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.
Further Reading
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