Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pagaya Technologies Ltd shares valued at $327,517 were sold by Perros Evangelos on Aug 01 ’24. At $13.55 per share, Perros Evangelos sold 24,171 shares. The insider’s holdings dropped to 23,791 shares worth approximately $0.24 million following the completion of this transaction.
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Also, Perros Evangelos sold 1,750 shares, netting a total of over 22,418 in proceeds. Following the sale of shares at $12.81 each, the insider now holds 2,416 shares.
Before that, DAS SANJIV had sold 10,794 shares from its account. In a trade valued at $157,269, the President traded Pagaya Technologies Ltd shares for $14.57 each. Upon closing the transaction, the insider’s holdings decreased to 10,794 shares, worth approximately $0.66 million.
As published in their initiating research note from Oppenheimer on October 01, 2024, Pagaya Technologies Ltd [PGY] has been an Outperform and the price target has been revised to $12. As of June 17, 2024, Keefe Bruyette has initiated its “an Outperform” rating for PGY. Earlier on May 24, 2024, Citigroup initiated its rating. Their recommendation was “a Neutral” for PGY stock.
Analyzing PGY Stock Performance
During the last five days, there has been a drop of approximately -19.76%. Over the course of the year, Pagaya Technologies Ltd shares have dropped approximately -39.67%. 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 $12.78, while a 200-day SMA reached $13.07. Nevertheless, trading volume fell to 1.86 million shares from 2.01 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 9.79, which, if violated, would cause prices to drop to 9.58. In the upper region, resistance lies at 10.14. The next price resistance is at 10.28. RSI (Relative Strength Index) is 36.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.41, which suggests the price will decrease in the coming days. Percent R is at 82.46%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
