Pershing Square Tontine Holdings Ltd. (NYSE: PSTH) stock is down 25% from its Feb. 16 all-time high of $34.10.
Investors have become impatient waiting for the blank-check company to find or announce an acquisition target.
Bill Ackman, founder and CEO of Pershing Square, wrote a number of tweets last month that hinted an acquisition announcement was on the horizon, but the first quarter of 2021 closed without news on the stock.
Surely Ackman has a strategy for the delay, and this week a few options traders made some large bets that a Pershing Square Merger might be announced soon.
The Pershing Square Trades: At 1:52 p.m., Monday, a trader executed a call sweep near the ask of 252 Pershing ...
