Pershing Square Tontine Holdings Ltd. [NYSE: PSTH] loss -1.43% or -0.36 points to close at $24.84 with a heavy trading volume of 3249085 shares. The company report on February 26, 2021 that Pershing Square Tontine Holdings, Ltd. Notes Disclosure.
Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) (the “Company”) may provide information to the public via the Twitter account of its Chairman and CEO, Bill Ackman. Investors should follow this account for information about the Company. The following tweets were issued on that account during the evening of February 25, 2021.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210226005439/en/.
It opened the trading session at $25.40, the shares rose to $25.43 and dropped to $24.50, the range by which the price of stock traded the whole day. The daily chart for PSTH points out that the company has recorded 3.16% gains over the past six months. However, it is still -15.53% lower than its most recent low trading price.
If we look at the average trading volume of 2.89M shares, PSTH reached to a volume of 3249085 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Pershing Square Tontine Holdings Ltd. [PSTH]:
The Average True Range (ATR) for Pershing Square Tontine Holdings Ltd. is set at 0.77 The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 0.13.
Trading performance analysis for PSTH stock
Pershing Square Tontine Holdings Ltd. [PSTH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.04. With this latest performance, PSTH shares gained by 3.20% in over the last four-week period, additionally plugging by 3.16% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PSTH stock in for the last two-week period is set at 51.33, with the RSI for the last a single of trading hit 51.55, and the three-weeks RSI is set at 49.78 for Pershing Square Tontine Holdings Ltd. [PSTH]. The present Moving Average for the last 50 days of trading for this stock 24.65, while it was recorded at 25.21 for the last single week of trading.
Pershing Square Tontine Holdings Ltd. [PSTH]: A deeper dive into fundamental analysis
Reflecting on the efficiency of the workforce at the company, Pershing Square Tontine Holdings Ltd. [PSTH] managed to generate an average of -$357,574 per employee.Pershing Square Tontine Holdings Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 17.70 and a Current Ratio set at 17.70.
An analysis of insider ownership at Pershing Square Tontine Holdings Ltd. [PSTH]
97 institutional holders increased their position in Pershing Square Tontine Holdings Ltd. [NYSE:PSTH] by around 15,757,544 shares. Additionally, 118 investors decreased positions by around 25,087,177 shares, while 28 investors held positions by with 61,839,183 shares. The mentioned changes placed institutional holdings at 102,683,904 shares, according to the latest SEC report filing. PSTH stock had 38 new institutional investments in for a total of 2,910,583 shares, while 65 institutional investors sold positions of 12,505,533 shares during the same period.