Pershing Square Tontine Holdings Ltd. [PSTH] fell -20.42% so far this year. What now?

Pershing Square Tontine Holdings Ltd. [NYSE: PSTH] loss -11.94% or -2.99 points to close at $22.06 with a heavy trading volume of 22516794 shares. The company report on June 4, 2021 that Pershing Square Tontine Holdings, Ltd. (“PSTH”) Confirms Discussions to Acquire 10% of the Ordinary Shares of Universal Music Group (“UMG”) for Approximately $4 billion, Representing an Enterprise Value of €35 Billion.

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PSTH to Distribute the Acquired UMG Shares to PSTH Shareholders Later this Year.

PSTH to Remain a Publicly Traded Company with $1.5 billion of Cash After the Distribution of UMG Shares, and to Seek New Business Combination Partner.

It opened the trading session at $22.30, the shares rose to $23.1515 and dropped to $21.331, the range by which the price of stock traded the whole day. The daily chart for PSTH points out that the company has recorded -13.15% loss over the past six months. However, it is still -2.6% lower than its most recent low trading price.

If we look at the average trading volume of 2.70M shares, PSTH reached to a volume of 22516794 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 0.89 The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 0.11.

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 -10.47. With this latest performance, PSTH shares dropped by -8.43% in over the last four-week period, additionally sinking by -13.15% 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 30.38, with the RSI for the last a single of trading hit 23.42, and the three-weeks RSI is set at 34.89 for Pershing Square Tontine Holdings Ltd. [PSTH]. The present Moving Average for the last 50 days of trading for this stock 24.44, while it was recorded at 24.40 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 4.40 and a Current Ratio set at 4.40.

An analysis of insider ownership at Pershing Square Tontine Holdings Ltd. [PSTH]

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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.

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