🟢 Pershing Square is trading 4.51% up in after-hours trading with no verified catalyst

Pershing Square is trading at $47.50, up 4.51%, with no verified company announcement or late-breaking catalyst explaining the after-hours rise.

• The latest company-specific news was BofA’s downgrade to Underperform and price-target cut to $38 from $54, reported October 13; it accompanied the earlier sharp decline, not this gain.
• Broader markets were pressured October 14 after hotter-than-expected inflation lifted Treasury yields, but that does not explain Pershing Square’s opposite-direction after-hours move.