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Investing in Pagaya Technologies Ltd (PGY): What You Must Know

In a filing, Pagaya Technologies Ltd revealed its President DAS SANJIV acquired Company’s shares for reported $0.24 million on Apr 05 ’24. In the deal valued at $10.57 per share,22,727 shares were bought. As a result of this transaction, DAS SANJIV now holds 22,727 shares worth roughly $0.29 million.

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Then, Rosen Tami bought 10,000 shares, generating $104,723 in total proceeds. Upon buying the shares at $10.47, the Chief People Officer now owns 28,818 shares.

Before that, Pardo Avital bought 38,480 shares. Pagaya Technologies Ltd shares valued at $398,634 were divested by the Chief Technology Officer at a price of $10.36 per share. As a result of the transaction, Pardo Avital now holds 444,926 shares, worth roughly $5.64 million.

Jefferies initiated its Pagaya Technologies Ltd [PGY] rating to a Buy in a research note published on December 14, 2023; the price target was $2.50. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in late August with a ‘”a Mkt outperform”‘ rating. B. Riley Securities began covering PGY with “Buy” recommendation on July 27, 2023. The Benchmark Company started covering the stock on April 26, 2023. It rated PGY as “a Buy”.

Price Performance Review of PGY

On Friday, Pagaya Technologies Ltd [NASDAQ:PGY] saw its stock jump 0.63% to $12.68. Over the last five days, the stock has gained 21.81%. Pagaya Technologies Ltd shares have fallen nearly -23.43% since the year began. Nevertheless, the stocks have risen 16.12% over the past one year. While a 52-week high of $33.96 was reached on 03/08/24, a 52-week low of $8.56 was recorded on 04/22/24. SMA at 50 days reached $11.50, while 200 days put it at $16.81. A total of 1.57 million shares were traded, compared to the trading of 4.25 million shares in the previous session.

Levels Of Support And Resistance For PGY Stock

The 24-hour chart illustrates a support level at 12.12, which if violated will result in even more drops to 11.57. On the upside, there is a resistance level at 13.11. A further resistance level may holdings at 13.55. The Relative Strength Index (RSI) on the 14-day chart is 64.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.62%. Stochastics %K at 82.34% indicates the stock is a selling.

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