psth
Traders are keeping PSTH stock in a tight range suggesting that there’s little upside for now Q4 2020 hedge fund letters, conferences and more After debuting at $20 per share, a premium price for a special purpose acquisition company (SPAC), shares of Pershing Square Tontine Holdings (NYSE:PSTH) look to be trading in a range. Like expectant parents, traders in PSTH stock are waiting for the white smoke to finally billow from Bill Ackman’s chimney announcing that the SPAC has found a target. Will it be worth the wait? And is that a reason for the stock to be trading at nearly $30 per share? Tho...
ValueWalk
Better to do what Ackman is claiming to do rather than hire him to do it through shares of PSTH stock Q4 2020 hedge fund letters, conferences and more Buying a SPAC before it has a target is gambling on the SPAC’s sponsor. Buying Pershing Square Tontine Holdings (NYSE:PSTH) stock means betting on Bill Ackman. A special purpose acquisition company (SPAC) without a target is like a suit you’re picking up at the dry cleaners. It may smell nice, but it’s empty. You’re gambling the sponsor buys something that can jump quickly in value. There are plenty of rumors about what PSTH might buy. These ran...
ValueWalk
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