Pershing Square (NYSE:PS) CEO William Ackman Purchases 800,000 Shares

Key Points

• William Ackman, CEO of Pershing Square, bought 800,000 shares on April 30 at $23.77 each for about $19.02 million, increasing his holding to 1.5 million shares (a 114.29% rise).
• Despite the insider purchase, Pershing Square shares fell about 10.5% to $34.01, with a market cap of $5.05 billion, a 12‑month range of $22.01–$38.27, and a negative P/E of -29.32.

Pershing Square Inc. (NYSE:PS - Get Free Report) CEO William Ackman acquired 800,000 shares of the company's stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $23.77 per share, for a total transaction of $19,016,000.00. Following the purchase, the chief executive officer owned 1,500,000 shares of the company's stock, valued at $35,655,000. This represents a 114.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Pershing Square Trading Down 10.5%

Shares of PS stock traded down $3.98 during mid-day trading on Monday, hitting $34.01. The stock had a trading volume of 2,204,915 shares, compared to its average volume of 2,243,426. Pershing Square Inc. has a 12-month low of $22.01 and a 12-month high of $38.27. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of -29.32 and a beta of 2.27.

About Pershing Square

Pershing Square NYSE: PS is a publicly traded investment holding company managed by Pershing Square Capital Management, L.P., the investment firm founded and led by William "Bill" Ackman. The vehicle provides outside investors with exposure to the firm's concentrated, actively managed investment program and is designed to deliver long‑term capital appreciation through a portfolio of equity and related positions.

The company's principal activities center on investing in publicly traded companies, typically through concentrated long equity positions and selectively using derivatives or other instruments for hedging or to implement investment views.

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