Pennant Group Inc (PNTG) has disclosed a new risk, in the Regulation category.
Pennant Group Inc. may face increased business risk following CEO Brent J. Guerisoli’s entry into two separate Rule 10b5-1 trading arrangements. These pre-arranged plans permit Mr. Guerisoli to potentially sell a total of 26,500 shares of the company’s common stock over periods extending from August 2024 to July 2027. While these plans adhere to the affirmative defense provisions of Rule 10b5-1(c) and company policies, they could lead to concerns about management’s commitment to the company’s future or potential insider trading perceptions amongst investors, thereby affecting the stock’s performance and investor confidence.
The average PNTG stock price target is $33.00, implying 0.24% upside potential.
To learn more about Pennant Group Inc’s risk factors, click here.
