Pershing Square USA (NYSE:PSUS) Insider Bruce Herring Buys 5,000 Shares of Stock

Pershing Square USA, Ltd. (NYSE:PSUS) insider Bruce Herring bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average price of $40.25 per share, for a total transaction of $201,250.00. Following the completion of the transaction, the insider directly owned 15,000 shares of the company’s stock, valued at $603,750. This represents a 50.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bruce Herring also recently made the following trade(s):

• On Thursday, April 30th, Bruce Herring bought 10,000 shares of Pershing Square USA stock. The shares were purchased at an average price of $43.41 per share, with a total value of $434,100.00.

Pershing Square USA Stock Down 1.6%

Pershing Square USA stock opened at $39.41 on Thursday. Pershing Square USA, Ltd. has a 1-year low of $37.15 and a 1-year high of $44.00.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group started coverage on shares of Pershing Square USA in a research note on Monday, May 25th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Pershing Square USA, Inc (NYSE: PSUS) is a publicly traded investment company that provides investors with exposure to the investment strategies of Pershing Square Capital Management L.P., an investment adviser led by William A. Ackman. The company is listed on the New York Stock Exchange and functions as a vehicle through which shareholders can gain access to concentrated public equity investments managed by the Pershing Square team.

The firm’s main business activity is portfolio management: acquiring and holding equity positions in publicly traded companies with the objective of long‑term capital appreciation.