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Taking a Closer Look At Pagaya Technologies Ltd (PGY) Following Its Recent Trade

In a filing, Pagaya Technologies Ltd revealed its President DAS SANJIV unloaded Company’s shares for reported $0.13 million on Oct 17 ’24. In the deal valued at $11.77 per share,10,683 shares were sold. As a result of this transaction, DAS SANJIV now holds 64,794 shares worth roughly $0.77 million.

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Then, Kim Nam Woo sold 133 shares, generating $1,440 in total proceeds. Upon selling the shares at $10.83, the insider now owns 4,180 shares.

Before that, Yulzari Yahav bought 23,600 shares. Pagaya Technologies Ltd shares valued at $248,171 were divested by the Chief Business Officer at a price of $10.52 per share. As a result of the transaction, Yulzari Yahav now holds 311,637 shares, worth roughly $3.71 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 Monday, Pagaya Technologies Ltd [NASDAQ:PGY] saw its stock jump 2.58% to $11.92. Over the last five days, the stock has gained 7.29%. Pagaya Technologies Ltd shares have fallen nearly -28.02% since the year began. Nevertheless, the stocks have fallen -19.89% 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 $11.93, while 200 days put it at $12.64.

Levels Of Support And Resistance For PGY Stock

The 24-hour chart illustrates a support level at 11.53, which if violated will result in even more drops to 11.14. On the upside, there is a resistance level at 12.13. A further resistance level may holdings at 12.34. The Relative Strength Index (RSI) on the 14-day chart is 55.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.67%. Stochastics %K at 85.68% indicates the stock is a selling.

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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