Pershing Square (OTCMKTS:PSHZF) Shares Gap Up – Here’s What Happened

Shares of Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) gapped up prior to trading on Wednesday . The stock had previously closed at $64.55, but opened at $66.75. Pershing Square shares last traded at $65.70, with a volume of 1,838 shares traded.

Pershing Square Trading Up 1.2%

The business’s 50-day simple moving average is $64.22 and its 200-day simple moving average is $60.36.

Pershing Square Company Profile

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.