The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pagaya Technologies Ltd shares valued at $21,161 were sold by Torraco Nicole on Nov 15 ’24. At $8.92 per share, Torraco Nicole sold 2,371 shares. The insider’s holdings dropped to 9,487 shares worth approximately $85383.0 following the completion of this transaction.
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Also, NICOLE TORRACO purchased 2,371 shares, netting a total of over 22,453 in proceeds.
Before that, Yulzari Yahav had sold 150,000 shares from its account. In a trade valued at $2,324,790, the Chief Business Officer traded Pagaya Technologies Ltd shares for $15.50 each. Upon closing the transaction, the insider’s holdings decreased to 150,000 shares, worth approximately $1.45 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 -4.96%. Over the course of the year, Pagaya Technologies Ltd shares have dropped approximately -45.65%. Shares of the company reached a 52-week high of $20.00 on 03/08/24 and a 52-week low of $8.20 on 11/19/24. A 50-day SMA is recorded $11.23, while a 200-day SMA reached $12.35. Nevertheless, trading volume fell to 1.54 million shares from 1.83 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 8.68, which, if violated, would cause prices to drop to 8.35. In the upper region, resistance lies at 9.33. The next price resistance is at 9.65. RSI (Relative Strength Index) is 41.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.12, which suggests the price will decrease in the coming days. Percent R is at 91.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
