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Pagaya Technologies Ltd (PGY) may enjoy gains as insiders got busy in the recent days

In a filing, Pagaya Technologies Ltd revealed its Chief Business Officer Yulzari Yahav acquired Company’s shares for reported $0.25 million on Sep 30 ’24. In the deal valued at $10.52 per share,23,600 shares were bought. As a result of this transaction, Yulzari Yahav now holds 311,637 shares worth roughly $3.36 million.

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Then, Kim Nam Woo sold 171 shares, generating $1,693 in total proceeds. Upon selling the shares at $9.90, the insider now owns 3,987 shares.

Before that, Perros Evangelos sold 2,336 shares. Pagaya Technologies Ltd shares valued at $23,126 were divested by the Chief Financial Officer at a price of $9.90 per share. As a result of the transaction, Perros Evangelos now holds 25,622 shares, worth roughly $0.28 million.

Oppenheimer initiated its Pagaya Technologies Ltd [PGY] rating to an Outperform in a research note published on October 01, 2024; the price target was $12. Keefe Bruyette began covering PGY with “an Outperform” recommendation on June 17, 2024. Citigroup started covering the stock on May 24, 2024. It rated PGY as “a Neutral”.

Price Performance Review of PGY

On Friday, Pagaya Technologies Ltd [NASDAQ:PGY] saw its stock jump 9.00% to $10.78. Over the last five days, the stock has gained 3.55%. Pagaya Technologies Ltd shares have fallen nearly -34.90% since the year began. Nevertheless, the stocks have fallen -36.29% over the past one year. While a 52-week high of $20.50 was reached on 03/08/24, a 52-week low of $8.56 was recorded on 04/22/24. SMA at 50 days reached $12.17, while 200 days put it at $12.78.

Levels Of Support And Resistance For PGY Stock

The 24-hour chart illustrates a support level at 10.16, which if violated will result in even more drops to 9.54. On the upside, there is a resistance level at 11.09. A further resistance level may holdings at 11.40. The Relative Strength Index (RSI) on the 14-day chart is 46.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.60%. Stochastics %K at 27.89% indicates the stock is a holding.

How much short interest is there in Pagaya Technologies Ltd?

A steep rise in short interest was recorded in Pagaya Technologies Ltd stocks on 2024-09-30, growing by 3.06 million shares to a total of 5.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.43 million shares. There was a rise of 55.78%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 14, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $2.50 price target.

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