Pershing Square (LON:PSH) Hits New 1-Year High - Time to Buy?

Key Points

• Pershing Square Holdings shares reached a new 52-week high of GBX 4,576 ($61.90) during trading, with a closing price of GBX 4,570 ($61.82).
• The company has a market capitalization of £8.17 billion and a P/E ratio of 718.18, indicating significant growth potential.
• Insider transactions include Rupert Morley purchasing 1,871 shares and Jean-Baptiste Wautier acquiring 23,300 shares, both at an average price of GBX 4,274.

Pershing Square Holdings (LON:PSH - )'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 4,576 ($61.90) and last traded at GBX 4,570 ($61.82), with a volume of 134072 shares traded. The stock had previously closed at GBX 4,484 ($60.66).

Pershing Square Stock Performance

The business has a 50 day moving average of GBX 4,209.32 and a 200-day moving average of GBX 3,911.04. The company has a market capitalization of £8.17 billion, a P/E ratio of 718.18 and a beta of 0.97. The company has a debt-to-equity ratio of 18.59, a quick ratio of 8.65 and a current ratio of 40.41.

Insider Activity at Pershing Square

In other news, insider Rupert Morley bought 1,871 shares of Pershing Square stock in a transaction that occurred on Tuesday, August 26th. The shares were acquired at an average price of GBX 4,274 per share, with a total value of £79,966.54. Also, insider Jean-Baptiste Wautier bought 23,300 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average price of GBX 4,274 per share, with a total value of £995,842. Insiders own 1.30% of the company's stock.

Pershing Square Company Profile

Pershing Square Holdings (LN:PSHD) is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.

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