Pershing Square Capital Management announced after the close Monday that it plans to sell up to seven million common shares of Canadian Pacific Railway (CP).
Canadian Pacific Railway gapped open sharply lower Tuesday, but traded in a range for the majority of the session. Shares finished down by 4.56 at $127.31 on above average volume. The stock fell to a 3-week low.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.