Pagaya Technologies Ltd’s recent filing unveils that its Chief Development Officer Rosen Tami unloaded Company’s shares for reported $0.21 million on Oct 31 ’24. In the deal valued at $12.06 per share,17,570 shares were sold. As a result of this transaction, Rosen Tami now holds 73,516 shares worth roughly $0.81 million.
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Then, Rosen Tami sold 7,966 shares, generating $92,167 in total proceeds. Upon selling the shares at $11.57, the Chief Development Officer now owns 91,086 shares.
Before that, TAMI ROSEN bought 17,570 shares. Pagaya Technologies Ltd shares valued at $217,341 were divested by the Director at a price of $12.37 per share.
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 Tuesday, Pagaya Technologies Ltd [NASDAQ:PGY] saw its stock jump 3.27% to $11.04. Over the last five days, the stock has lost -8.00%. Pagaya Technologies Ltd shares have fallen nearly -33.33% since the year began. Nevertheless, the stocks have fallen -34.75% 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 $11.73, while 200 days put it at $12.53.
Levels Of Support And Resistance For PGY Stock
The 24-hour chart illustrates a support level at 10.76, which if violated will result in even more drops to 10.49. On the upside, there is a resistance level at 11.25. A further resistance level may holdings at 11.47. The Relative Strength Index (RSI) on the 14-day chart is 46.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.41%. Stochastics %K at 25.17% 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 2024-10-15, growing by 4.22 million shares to a total of 5.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.75 million shares. There was a rise of 70.66%, 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.
