Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF – Get Free Report) saw unusually-strong trading volume on Tuesday. Approximately 70,811 shares were traded 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 upgraded shares of Pershing Square to a “hold” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.00.
Get Our Latest Analysis on PSHZF
Pershing Square Price Performance
The company has a 50-day moving average price of $50.75 and a 200 day moving average price of $52.45.
About Pershing Square
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.
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