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 $387.18 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.
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 -7.34% to $8.58. Over the last five days, the stock has lost -6.33%. PACS Group Inc shares have fallen nearly -34.55% since the year began. Nevertheless, the stocks have fallen -63.33% over the past one year. While a 52-week high of $43.92 was reached on 02/05/25, a 52-week low of $8.87 was recorded on 04/21/25. SMA at 50 days reached $11.77, while 200 days put it at $24.15.
Levels Of Support And Resistance For PACS Stock
The 24-hour chart illustrates a support level at 8.16, which if violated will result in even more drops to 7.73. On the upside, there is a resistance level at 9.13. A further resistance level may holdings at 9.67. The Relative Strength Index (RSI) on the 14-day chart is 26.99, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.13%. Stochastics %K at 13.90% 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 2025-03-31, dropping by -0.22 million shares to a total of 2.22 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 2.44 million shares. There was a decline of -9.78%, which implies that there is a negative 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.
