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 $434.57 million following the completion of this transaction.
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.
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 surge of approximately 7.12%. Over the course of the year, PACS Group Inc shares have dropped approximately -26.54%. Shares of the company reached a 52-week high of $14.77 on 02/05/25 and a 52-week low of $8.28 on 04/21/25. A 50-day SMA is recorded $11.14, while a 200-day SMA reached $23.42.
Support And Resistance Levels for PACS Group Inc (PACS)
According to the 24-hour chart, there is a support level at 9.49, which, if violated, would cause prices to drop to 9.34. In the upper region, resistance lies at 9.76. The next price resistance is at 9.88. RSI (Relative Strength Index) is 44.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.41, which suggests the price will decrease in the coming days. Percent R is at 17.18%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
