PACS Group Inc’s filing revealed that 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 $685.02 million.
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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 $6572.94.
A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Macquarie started covering the stock on June 28, 2024. It rated PACS as “an Outperform”.
Price Performance Review of PACS
On Monday, PACS Group Inc [NYSE:PACS] saw its stock fall -1.49% to $15.18. Over the last five days, the stock has lost -2.75%. PACS Group Inc shares have fallen nearly -34.00% since the year began.
Levels Of Support And Resistance For PACS Stock
The 24-hour chart illustrates a support level at 14.77, which if violated will result in even more drops to 14.36. On the upside, there is a resistance level at 15.72. A further resistance level may holdings at 16.26. The Relative Strength Index (RSI) on the 14-day chart is 27.88, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.86%. Stochastics %K at 25.93% indicates the stock is a holding.
How much short interest is there in PACS Group Inc?
A steep rise in short interest was recorded in PACS Group Inc stocks on 2024-11-29, dropping by -0.13 million shares to a total of 3.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.21 million shares. There was a decline of -4.31%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 06, 2024 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $32 price target.
