The insider selling cluster is small relative to market cap and involves a director/10% owner and the CAO — not the CEO/CFO. Per academic literature, cluster sells are not reliably informative. No actionable trade signal here; monitor for any CEO/CFO selling or a material increase in volume.
Price Chart
Executive Summary
Two PACS insiders — a director/10% owner and the Chief Accounting Officer — sold a combined ~$1.1M in open-market sales over a 3-day window. Director Mark Hancock alone sold $7.6M across three trades in the prior week, making this a sustained insider selling cluster. The dollar value is ~0.02% of the $6.9B market cap, which is trivial on a proportionality basis, and the cluster is entirely sells — per academic literature, cluster sells are not reliably informative.
Key Financial Metrics
Key Facts
- Two insiders sold a combined ~$1.1M in open-market sales over a 3-day window (July 6-8, 2026).
- Director/10% owner Mark Hancock sold ~$917K; CAO Michelle Renee Lewis sold ~$186K.
- Total cluster value of ~$1.1M represents ~0.016% of PACS's $6.9B market cap — well below the 0.1% materiality threshold.
- Hancock also sold ~$6.4M on July 6 in a separate transaction, bringing his total 7-day sales to ~$7.6M.
- The 30-day insider activity shows 7 sells totaling $8.8M, consistent with ongoing routine selling.
Financial Impact
Total open-market sales of ~$1.1M represent ~0.016% of PACS's $6.9B market cap — trivial on a proportionality basis.
Risk Factors
- Director Hancock's sustained selling ($7.6M over 7 days) could indicate personal liquidity needs or portfolio rebalancing, not a bearish view.
- The CAO sale is small ($186K) and likely routine — no C-suite CEO/CFO selling in this cluster.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PACS-1783721924320 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Insider Cluster | $47.50 | awaiting T+5 | — | $48.76 (−2.65%) |
Oct 16, 2026 10d ago | Insider Cluster | $45.85 $48.76 | ▲ +6.35% | ▲ +6.49% | $48.76 (+6.35%) |
Sep 17, 2026 5w ago | Insider Cluster | $42.12 $41.30 | ▲ +1.95% | ▲ +3.22% | $48.76 (−15.76%) |
Sep 15, 2026 5w ago | Insider Cluster | $42.72 $41.05 | ▲ +3.91% | ▲ +5.73% | $48.76 (−14.14%) |
Aug 27, 2026 8w ago | Insider Cluster | $42.75 $42.50 | ▼ −0.58% | ▼ −0.69% | $48.76 (+14.06%) |
Aug 19, 2026 9w ago | Insider Cluster | $43.58 $44.24 | ▼ −1.51% | ▼ −0.40% | $48.76 (−11.89%) |
Jul 16, 2026 14w ago | Insider Cluster | $46.13 $44.82 | ▲ +2.84% | ▲ +2.15% | $48.76 (−5.70%) |
Jul 10, 2026 15w ago | Insider Cluster | $43.27 $46.13 | ▲ +6.61% | ▲ +7.39% | $48.76 (+12.69%) |
Jul 6, 2026 16w ago | Insider Cluster | $43.62 $44.95 | ▲ +3.05% | ▲ +2.50% | $48.76 (+11.78%) |
Jun 26, 2026 17w ago | Insider Cluster | $39.94 $45.00 | ▲ +12.67% | ▲ +11.28% | $48.76 (+22.08%) |
US Market Status
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