Howard Hughes Shares Gain

Howard Hughes shares jumped more than 3% intraday, touching their highest level since August 2015, after billionaire hedge fund manager Bill Ackman made a bullish pitch for the company at the Sohn Investment Conference in New York, according to a report from CNBC.

“I think this is one of the most attractive times in the history of the company to invest,” Ackman, the founder of Pershing Square Capital Management, was cited as saying. Ackman is the largest shareholder in the company – 8.9% interest – and its chairman, the news report added.
The new 52-week price range for the shares is $101.03 – $128.00.