This is only from a technical analysis point of view, fundamentals have not been considered and is for educational purposes only and was merely an observation.
From a technical analysis point of view for a long bias which may compliment your fundamental analysis please see the chart below.
To remind you, the OCt 3rd decline (&subsequently) was because Ackman swapped his short position to puts. This time around a lot of things have been cleared (e.g. audit and Ackmans' most recent presentation) and there are several upside catalysts (LBO, Share buy-out). What catalyst do you see ahead to send the PPS down?
From a technical analysis point of view for a long bias which may compliment your fundamental analysis please see the chart below.
tradingview.com/v/lyRt3OM4/
Cheers,