PS is trading 4.3% up at $30.89, rebounding from a sharp two-day selloff following news of share repurchases by Pershing Square Holdings.
- The move follows an announcement regarding the company's ongoing buyback program, which investors view as critical support for the stock's net asset value (NAV) discount.
- The stock had previously gained approximately 4.5% in after-hours trading on June 25, 2026, as the market reacted to the repurchase activity.
- The recovery marks a shift in sentiment after recent downward pressure, with the buyback program providing a floor for the share price.