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 $578.07 million.
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 $5546.7300000000005.
JP Morgan downgraded its PACS Group Inc [PACS] rating to a Neutral from a an Overweight in a research note published recently. UBS began covering PACS with “Buy” recommendation on October 09, 2024.
Price Performance Review of PACS
On Monday, PACS Group Inc [NYSE:PACS] saw its stock fall -1.54% to $12.81. Over the last five days, the stock has lost -1.54%. PACS Group Inc shares have fallen nearly -44.30% since the year began.
Levels Of Support And Resistance For PACS Stock
The 24-hour chart illustrates a support level at 12.56, which if violated will result in even more drops to 12.32. On the upside, there is a resistance level at 13.03. A further resistance level may holdings at 13.26. The Relative Strength Index (RSI) on the 14-day chart is 22.55, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.84%. Stochastics %K at 8.92% 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 2024-12-13, growing by 0.62 million shares to a total of 3.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.07 million shares. There was a rise of 16.87%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 28, 2024 when Macquarie began covering the stock and recommended ‘”an Outperform”‘ rating along with a $35 price target.
