Pershing Square (OTCMKTS:PSHZF) Shares Cross Above 50-Day Moving Average – Here’s Why

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $63.52 and traded as high as $66.45. Pershing Square shares last traded at $65.50, with a volume of 13,669 shares trading hands.

Pershing Square Stock Performance

The stock has a 50 day simple moving average of $63.52 and a 200 day simple moving average of $59.58.

About Pershing Square

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.