Pershing Square

Valeant Pharmaceuticals Intl Inc (NYSE: VRX) fell to a new 52-week low of $10.50 after Bill Ackman sold his stake. Pershing Square, the activist investor's firm, exited its 27.2 million share position at $11. Ackman will also step off the company's board. David Maris of Wells Fargo...

One of the worst chapters of Bill Ackman’s investing career is officially over. After roughly two years, Ackman’s Pershing Square has sold its entire position in Valeant Pharmaceuticals Intl Inc (NYSE: VRX) at a significant loss. Valeant shareholders have endured a seemingly endless...

Bill Ackman's Pershing Square released an annual update presentation for investors and the public. One of Ackman's most notable holdings is Valeant Pharmaceuticals Intl Inc (NYSE: VRX), the troubled pharmaceutical company that was plagued with controversies and concerns over its debt...

Despite wanting to forget 2016 altogether, Pershing Square Capital investors got one last reminder of their brutal year this week when Bill Ackman’s firm sent out its annual shareholder update. For the second consecutive year, Pershing has significantly underperformed the SPDR S&P 500...

Pershing Square and Herbalife Ltd. (NYSE: HLF) have a long-standing rivalry, with the Bill Ackman-led hedge fund betting on a fall in the company's share price since May 2012. Ackman's Past Short Bets Backfire An estimate by Fortune calculated following an FTC settlement the company announced...

If you think CSX Corporation (NASDAQ: CSX) is the only possible M&A target, you could be mistaken. There might be other potential opportunities for investors, according to Loop Capital. On Monday, Canadian Pacific Railway Limited (USA) (NYSE: CP) filed its separation agreement with outgoing CEO...

Following reports of Hunter Harrison attempting a management shakeup at CSX Corporation (NASDAQ: CSX) along with hedge fund manager and activist investor Paul Hilal, Loop Capital's Rick Paterson told Benzinga that it isn't as simple as it seems. Harrison + Hilal = Lethal Combo According to a...

Shares of CSX Corporation (NASDAQ: CSX) are steaming higher by more than 20 percent on Thursday after news broke that railroad veteran Hunter Harrison is planning to get involved with CSX. Harrison abruptly departed Canadian Pacific Railway Limited (USA) (NYSE: CP) just months prior to his...

The Federal Trade Commission said it is now mailing checks to nearly 350,000 people who lost money running Herbalife Ltd. (NYSE: HLF) businesses, which the regulator calls a “multi-level marketing scheme.” Not A Pyramid Scheme The funding for the checks stems from a July 2016 settlement...

Argus has upgraded Air Products & Chemicals, Inc. (NYSE: APD) to Buy from Hold following the company’s restructuring actions, which the brokerage believes will allow it to pursue stronger growth opportunities, especially in the energy sector. The Stock Among the various restructuring...

Two of Bill Ackman’s most highly-publicized investments are having a tough day on Tuesday during a weak session for the market. Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are down 3.6 percent following a report by M Science that said Chipotle checks indicate ongoing sales weakness...

The rail sector is often ignored by investors given the complexity of the industry. However, this may prove to be a mistake, as the sector could offer attractive returns. Loop Capital Markets initiated coverage of the rail sector On August 1 with a mostly Neutral stance. Analysts slapped Hold...

Canadian Pacific Railway Limited (USA) (NYSE: CP) announced on Wednesday that its largest shareholder, Bill Ackman's Pershing Square, sold its entire 9.8 million stake in the company after buying a stake in 2011 and running a proxy fight in 2012. Ackman will, however, remain on Canadian...

Bill Ackman has received a lot of attention this year for his huge losses on Valeant Pharmaceuticals Intl Inc (NYSE: VRX), but this week, Ackman has turned his attention to another big losing bet: Herbalife Ltd. (NYSE: HLF). Videos This week, Ackman is releasing a series of videos presenting what...

Bill Ackman's Pershing Square hedge fund is having a rough year given its heavy losses in Valeant Pharmaceuticals Intl Inc (NYSE: VRX) and its short thesis on Herbalife Ltd. (NYSE: HLF), which has risen 110 percent since initiating a short position back in December 2012. The last thing...