Pershing Square (LON:PSH) Reaches New 1-Year High - What's Next?

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 - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 4,576 ($62.05) and last traded at GBX 4,570 ($61.97), with a volume of 134072 shares changing hands. The stock had previously closed at GBX 4,484 ($60.80).

Pershing Square Stock Up 0.6%

The company has a debt-to-equity ratio of 18.59, a current ratio of 40.41 and a quick ratio of 8.65. The business's fifty day simple moving average is GBX 4,241.97 and its two-hundred day simple moving average is GBX 3,914.42. The company has a market cap of £8.39 billion, a PE ratio of 737.62 and a beta of 0.97.

Insider Transactions at Pershing Square

In related news, insider Jean-Baptiste Wautier bought 23,300 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was acquired at an average price of GBX 4,274 per share, with a total value of £995,842. Also, insider Rupert Morley bought 1,871 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were bought at an average cost of GBX 4,274 per share, with a total value of £79,966.54. 1.30% of the stock is owned by insiders.

About Pershing Square

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.