Pershing Square Tontine Holdings Ltd. [NYSE: PSTH] stock went on a downward path that fall over -1.16% on Monday, amounting to a one-week price decrease of less than -5.56%. The company report on July 19, 2021 that Pershing Square Tontine Holdings, Ltd. Releases Letter to Shareholders.
Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) CEO Bill Ackman issued the following letter.
July 19, 2021.
The market cap for the stock reached $4.15 billion, with 200.00 million shares outstanding and 200.00 million shares in the current float. Compared to the average trading volume of 2.87M shares, PSTH stock reached a trading volume of 10529376 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Pershing Square Tontine Holdings Ltd. [PSTH]:
The Average True Range (ATR) for Pershing Square Tontine Holdings Ltd. is set at 0.46 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 0.12.
PSTH Stock Performance Analysis:
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 -5.56. With this latest performance, PSTH shares dropped by -10.33% in over the last four-week period, additionally sinking by -31.39% 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 23.48, with the RSI for the last a single of trading hit 14.64, and the three-weeks RSI is set at 29.49 for Pershing Square Tontine Holdings Ltd. [PSTH]. The present Moving Average for the last 50 days of trading for this stock 23.24, while it was recorded at 20.92 for the last single week of trading, and 25.13 for the last 200 days.
Insight into Pershing Square Tontine Holdings Ltd. Fundamentals:
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.
Pershing Square Tontine Holdings Ltd. [PSTH] Insider Position Details
92 institutional holders increased their position in Pershing Square Tontine Holdings Ltd. [NYSE:PSTH] by around 15,684,023 shares. Additionally, 121 investors decreased positions by around 25,196,045 shares, while 30 investors held positions by with 61,646,169 shares. The mentioned changes placed institutional holdings at 102,526,237 shares, according to the latest SEC report filing. PSTH stock had 35 new institutional investments in for a total of 2,914,303 shares, while 67 institutional investors sold positions of 12,461,598 shares during the same period.