Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $589.8 million following the completion of this transaction.
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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 $5659.31.
As published in a research note from JP Morgan on December 17, 2024, PACS Group Inc [PACS] has been rated down from an Overweight to a Neutral and the price target has been revised to $18. As of October 09, 2024, UBS has initiated its “Buy” rating for PACS.
Analyzing PACS Stock Performance
During the last five days, there has been a drop of approximately -11.99%. Over the course of the year, PACS Group Inc shares have dropped approximately -43.17%. Nevertheless, trading volume fell to 0.74 million shares from 1.06 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 12.86, which, if violated, would cause prices to drop to 12.66. In the upper region, resistance lies at 13.26. The next price resistance is at 13.46. RSI (Relative Strength Index) is 22.27 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.47, which suggests the price will decrease in the coming days. Percent R is at 94.50%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
