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

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $63.40, but opened at $67.27. Pershing Square shares last traded at $65.50, with a volume of 1,270 shares changing hands.

Pershing Square Price Performance

The business has a 50-day moving average of $64.49 and a 200 day moving average of $61.15.

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.