Pershing Square Tontine (NYSE:PSTH) Sees Large Volume Increase

Pershing Square Tontine Holdings, Ltd. (NYSE:PSTHGet Rating) shares saw unusually-high trading volume on Friday . Approximately 137,121 shares were traded during mid-day trading, a decline of 86% from the previous session’s volume of 946,251 shares.The stock last traded at $19.90 and had previously closed at $19.92.

The stock’s fifty day simple moving average is $19.88 and its 200-day simple moving average is $19.85.

Hedge funds have recently made changes to their positions in the company. Covestor Ltd purchased a new stake in shares of Pershing Square Tontine in the first quarter valued at $40,000. Ancora Advisors LLC acquired a new position in shares of Pershing Square Tontine in the 3rd quarter valued at about $59,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Pershing Square Tontine by 78.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,026 shares of the company’s stock valued at $79,000 after buying an additional 1,766 shares during the period. Belpointe Asset Management LLC purchased a new stake in Pershing Square Tontine during the first quarter worth approximately $114,000. Finally, Ulland Investment Advisors LLC acquired a new stake in shares of Pershing Square Tontine in the fourth quarter worth $126,000. Institutional investors and hedge funds own 61.37% of the company’s stock.

Pershing Square Tontine Company Profile (NYSE:PSTH)

Pershing Square Tontine Holdings, Ltd. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Pershing Square Tontine Holdings, Ltd. was incorporated in 2020 and is based in New York, New York.

See Also

Want More Great Investing Ideas?

Receive News & Ratings for Pershing Square Tontine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pershing Square Tontine and related companies with MarketBeat.com's FREE daily email newsletter.