A number of private education stocks are rising on unusual volume today after the sector was crushed on Monday when the Department of Education released a report showing that nearly two-thirds of the schools students did not repay federal loans. Among the names that have been particularly active. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Ackman also made headlines this year by raising $4 billion to launch his
Pershing Square Tontine Holdings Ltd (NYSE: PSTH) SPAC, which is now the largest SPAC in the market.
At the time of the IPO in July, Ackman said the SPAC planned to take about six months to identify a target and announce a deal in the first quarter of 2021.
Even after Pershing Square’s big run in 2020, the stock still trades at a significant discount to NAV. Pershing’s stock investing portfolio is relatively concentrated. As of the firm’s most recent quarterly filing, Pershing held shares of just seven stocks.