Pershing Square (LON:PSH) Sets New 1-Year High - Should You Buy?

Key Points

• Pershing Square Holdings shares hit a new 52-week high of GBX 4,746 ($64.56) during trading, closing slightly lower at GBX 4,706 ($64.02).
• The company has a market cap of £8.37 billion and a high PE ratio of 735.66, suggesting a significant valuation.
• Insiders Rupert Morley and Jean-Baptiste Wautier recently purchased shares at an average price of GBX 4,274, indicating insider confidence in the stock.

Pershing Square Holdings (LON:PSH - ) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 4,746 ($64.56) and last traded at GBX 4,706 ($64.02), with a volume of 148767 shares. The stock had previously closed at GBX 4,680 ($63.66).

Pershing Square Stock Performance

The stock has a market cap of £8.37 billion, a PE ratio of 735.66 and a beta of 0.97. The company has a quick ratio of 8.65, a current ratio of 40.41 and a debt-to-equity ratio of 18.59. The company has a fifty day moving average price of GBX 4,253.45 and a 200 day moving average price of GBX 3,917.56.

Insider Activity at Pershing Square

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

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.

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