Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pagaya Technologies Ltd shares valued at $240,336 were purchased by DAS SANJIV on Apr 05 ’24. At $10.57 per share, DAS SANJIV acquired 22,727 shares. The insider’s holdings grew to 22,727 shares worth approximately $0.21 million following the completion of this transaction.
Also, Rosen Tami purchased 10,000 shares, netting a total of over 104,723 in proceeds. Following the buying of shares at $10.47 each, the insider now holds 28,818 shares.
Before that, Pardo Avital had added 38,480 shares to its account. In a trade valued at $398,634, the Chief Technology Officer bought Pagaya Technologies Ltd shares for $10.36 each. Upon closing the transaction, the insider’s holdings increased to 38,480 shares, worth approximately $4.19 million.
As published in their initiating research note from Jefferies on December 14, 2023, Pagaya Technologies Ltd [PGY] has been a Buy and the price target has been revised to $2.50. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in late August. As of July 27, 2023, B. Riley Securities has initiated its “Buy” rating for PGY. Earlier on April 26, 2023, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for PGY stock.
Analyzing PGY Stock Performance
During the last five days, there has been a drop of approximately -8.99%. Over the course of the year, Pagaya Technologies Ltd shares have dropped approximately -43.18%. Shares of the company reached a 52-week high of $20.00 on 03/08/24 and a 52-week low of $8.56 on 04/22/24. A 50-day SMA is recorded $12.90, while a 200-day SMA reached $17.57. Nevertheless, trading volume fell to 0.72 million shares from 1.0 million shares the previous day.
Support And Resistance Levels for Pagaya Technologies Ltd (PGY)
According to the 24-hour chart, there is a support level at 9.18, which, if violated, would cause prices to drop to 8.95. In the upper region, resistance lies at 9.65. The next price resistance is at 9.89. RSI (Relative Strength Index) is 38.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.01, which suggests the price will decrease in the coming days. Percent R is at 74.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
