🔴 PS is trading 4.6% down today on post-IPO volatility and profit-taking

PS is trading about 4.6% down at $33.76, giving back part of its sharp gains from prior sessions following its high-profile NYSE debut.

• The stock recently surged amid significant attention on Bill Ackman’s new Pershing Square vehicles.
• The current move appears to reflect normal post-IPO volatility and investor profit-taking rather than any fresh negative company-specific catalysts.