Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pagaya Technologies Ltd shares valued at $125,739 were sold by DAS SANJIV on Oct 17 ’24. At $11.77 per share, DAS SANJIV sold 10,683 shares. The insider’s holdings dropped to 64,794 shares worth approximately $0.75 million following the completion of this transaction.
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Also, Kim Nam Woo sold 133 shares, netting a total of over 1,440 in proceeds. Following the sale of shares at $10.83 each, the insider now holds 4,180 shares.
Before that, Yulzari Yahav had added 23,600 shares to its account. In a trade valued at $248,171, the Chief Business Officer bought Pagaya Technologies Ltd shares for $10.52 each. Upon closing the transaction, the insider’s holdings increased to 23,600 shares, worth approximately $3.61 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 surge of approximately 2.03%. Over the course of the year, Pagaya Technologies Ltd shares have dropped approximately -30.07%. 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 $11.88, while a 200-day SMA reached $12.59. Nevertheless, trading volume fell to 1.18 million shares from 1.05 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 11.09, which, if violated, would cause prices to drop to 10.61. In the upper region, resistance lies at 11.97. The next price resistance is at 12.37. RSI (Relative Strength Index) is 52.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 21.75%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
