The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. PACS Group Inc. shares valued at $33,749,982 were sold by Murray Jason Hulse on Apr 15 ’24. At $21.00 per share, Murray Jason Hulse sold 1,607,142 shares. The insider’s holdings dropped to 62,754,551 shares worth approximately $1.83 billion following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Hancock Mark sold 1,607,142 shares, netting a total of over 33,749,982 in proceeds. Following the sale of shares at $21.00 each, the insider now holds 62,754,551 shares.
Before that, Millard Jacqueline had added 433 shares to its account. In a trade valued at $9,993, the Director bought PACS Group Inc. shares for $23.08 each. Upon closing the transaction, the insider’s holdings increased to 433 shares, worth approximately $12652.26.
As published in their initiating research note from Truist on May 06, 2024, PACS Group Inc. [PACS] has been a Buy and the price target has been revised to $32. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in early May. As of May 06, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for PACS. Earlier on May 06, 2024, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for PACS stock.
Analyzing PACS Stock Performance
During the last five days, there has been a surge of approximately 3.25%. Over the course of the year, PACS Group Inc. shares have jumped approximately 27.04%. Nevertheless, trading volume fell to 1.0 million shares from 0.19 million shares the previous day.
Support And Resistance Levels for PACS Group Inc. (PACS)
According to the 24-hour chart, there is a support level at 28.15, which, if violated, would cause prices to drop to 27.09. In the upper region, resistance lies at 29.96. The next price resistance is at 30.71. RSI (Relative Strength Index) is 75.26 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.46, which suggests the price will increase in the coming days. Percent R is at 7.53%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
