In a filing, PACS Group Inc. revealed its Co-Founder & Exec. Vice Chair. Hancock Mark unloaded Company’s shares for reported $294.65 million on Sep 09 ’24. In the deal valued at $36.25 per share,8,128,352 shares were sold. As a result of this transaction, Hancock Mark now holds 45,126,199 shares worth roughly $1.74 billion.
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
Then, Murray Jason Hulse sold 8,128,352 shares, generating $294,652,760 in total proceeds. Upon selling the shares at $36.25, the Co-Founder, CEO & Chairman now owns 45,126,199 shares.
Before that, Millard Jacqueline bought 433 shares. PACS Group Inc. shares valued at $9,993 were divested by the Director at a price of $23.08 per share. As a result of the transaction, Millard Jacqueline now holds 433 shares, worth roughly $16670.5.
A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in late June with a ‘”an Outperform”‘ rating. Truist began covering PACS with “Buy” recommendation on May 06, 2024. Stephens started covering the stock on May 06, 2024. It rated PACS as “an Overweight”.
Price Performance Review of PACS
On Friday, PACS Group Inc. [NYSE:PACS] saw its stock jump 0.13% to $38.50. Over the last five days, the stock has lost -2.68%. PACS Group Inc. shares have risen nearly 67.39% since the year began.
Levels Of Support And Resistance For PACS Stock
The 24-hour chart illustrates a support level at 38.04, which if violated will result in even more drops to 37.58. On the upside, there is a resistance level at 39.14. A further resistance level may holdings at 39.78. The Relative Strength Index (RSI) on the 14-day chart is 45.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.47%. Stochastics %K at 14.27% indicates the stock is a buying.
How much short interest is there in PACS Group Inc.?
A steep rise in short interest was recorded in PACS Group Inc. stocks on 2024-09-13, dropping by 65866.0 shares to a total of 2.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.32 million shares. There was a decline of -2.92%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 06, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $30 price target.
