PACS Group Shares Tumble After Hindenburg Research Short Report

MT Newswires Live

2024/11/05

PACS Group (PACS) shares were down over 39% in recent Monday trading following a report by short-seller Hindenburg Research.

Hindenburg in its report alleged that PACS' "turnaround" strategy basically amounts to "systematically scamming taxpayer-funded healthcare programs."

PACS did not immediately reply to MT Newswires' request for comment.

Price: 25.89, Change: -17.05, Percent Change: -39.71

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