Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PACS Group Inc shares valued at $294,652,760 were sold by Hancock Mark on Sep 09 ’24. At $36.25 per share, Hancock Mark sold 8,128,352 shares. The insider’s holdings dropped to 45,126,199 shares worth approximately $894.85 million 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, Murray Jason Hulse sold 8,128,352 shares, netting a total of over 294,652,760 in proceeds. Following the sale of shares at $36.25 each, the insider now holds 45,126,199 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 $8586.39.
Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. Earlier on June 28, 2024, Macquarie initiated its rating. Their recommendation was “an Outperform” for PACS stock.
Analyzing PACS Stock Performance
During the last five days, there has been a drop of approximately -53.54%. Over the course of the year, PACS Group Inc shares have dropped approximately -13.78%. Nevertheless, trading volume fell to 4.78 million shares from 9.81 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 18.29, which, if violated, would cause prices to drop to 16.74. In the upper region, resistance lies at 20.69. The next price resistance is at 21.55. RSI (Relative Strength Index) is 18.07 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -14.57, which suggests the price will decrease in the coming days. Percent R is at 88.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
