Pershing Square (OTCMKTS:PSHZF) Sees Strong Trading Volume – Still a Buy?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF – Get Free Report) shares saw an uptick in trading volume on Tuesday. Approximately 70,811 shares traded hands during mid-day trading, an increase of 272% from the previous session’s volume of 19,043 shares. The stock last traded at $50.0720 and had previously closed at $50.77.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of Pershing Square to a “hold” rating in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Pershing Square currently has an average rating of “Hold” and a consensus target price of $40.00.

View Our Latest Report on PSHZF

Pershing Square Stock Up 0.1%

The business has a fifty day moving average of $50.65 and a two-hundred day moving average of $52.39.

Pershing Square Company Profile

(Get Free Report)

Pershing Square Holdings, Ltd. is a closed-end investment holding company that invests in a concentrated portfolio of publicly traded companies. The company seeks to generate long-term returns through fundamental research, active ownership and strategic engagement with portfolio companies, rather than by offering a broad range of investment products or operating businesses.

Pershing Square Holdings is managed by Pershing Square Capital Management, L.P., an investment management firm founded by William A.

Further Reading

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