Pershing Square (LON:PSH) Reaches New 12-Month High Following Insider Buying Activity

Pershing Square Holdings (LON:PSH)’s share price hit a new 52-week high on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 58.80 ($0.79) and last traded at GBX 4,356 ($58.85), with a volume of 121370 shares traded. The stock had previously closed at GBX 4,318 ($58.34).

Specifically, insider Rupert Morley bought 1,871 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was bought at an average cost of GBX 4,274 per share, with a total value of £79,966.54. Also, insider Jean-Baptiste Wautier purchased 23,300 shares of Pershing Square stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of GBX 4,274 per share, for a total transaction of £995,842.

Pershing Square Stock Up 0.9%

The business’s fifty day moving average is GBX 4,124.73 and its two-hundred day moving average is GBX 3,920.36. The stock has a market cap of £9.96 billion, a price-to-earnings ratio of 4.57 and a beta of 0.97. The company has a quick ratio of 8.65, a current ratio of 40.41 and a debt-to-equity ratio of 18.59.

Pershing Square Company Profile

Pershing Square Holdings (LN:PSHD) is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.