Pershing Square is trading 7.97% down at $38.10 after reporting its second-quarter 2026 results which fell short of analyst expectations for both earnings per share and total revenue. * The company posted an adjusted loss of $(0.11) per share, missing the consensus estimate of $0.12, and quarterly sales of $54.177 million missed the projected $74.440 million. * An August 14 analysis called the stock overvalued above $40, adding pressure after its prior 6.70% gain. * The broader market is modestly lower due to weak July retail sales and consumer sentiment.