India, May 5 -- Howard Hughes Holdings Inc. (HHH) shares rose 3.04 percent to $69.52 during Monday's trading after the company announced a $900 million equity investment from Pershing Square. The hedge fund, led by Bill Ackman, will acquire 9 million newly issued shares at $100 each a 48 percent premium to HHH's May 2 closing price.
The stock opened at $71.22 and has traded between $69.58 and $71.47 so far today on the New York Stock Exchange. It previously closed at $67.47. Howard Hughes shares have ranged from $59.46 to $87.77 over the past 52 weeks, with volume at 1.55 million, well above the daily average of 423,238.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
Pershing Square will now hold a 4...