Pershing Square (OTCMKTS:PSHZF) Sees Strong Trading Volume – Should You Buy?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) saw an uptick in trading volume on Wednesday . 48,714 shares were traded during trading, an increase of 210% from the previous session’s volume of 15,700 shares.The stock last traded at $60.80 and had previously closed at $59.9250.

Pershing Square Stock Up 1.4%

The stock’s fifty day simple moving average is $63.75 and its two-hundred day simple moving average is $62.19.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.