Pagaya Technologies Ltd’s recent filing unveils that its Chief Development Officer Rosen Tami unloaded Company’s shares for reported $0.21 million on Jan 02 ’25. In the deal valued at $9.97 per share,21,547 shares were sold. As a result of this transaction, Rosen Tami now holds 73,550 shares worth roughly $0.65 million.
Then, Perros Evangelos sold 21,305 shares, generating $212,411 in total proceeds. Upon selling the shares at $9.97, the Chief Financial Officer now owns 54,029 shares.
Before that, DAS SANJIV sold 6,343 shares. Pagaya Technologies Ltd shares valued at $63,240 were divested by the President at a price of $9.97 per share. As a result of the transaction, DAS SANJIV now holds 75,528 shares, worth roughly $0.66 million.
A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Keefe Bruyette started covering the stock on June 17, 2024. It rated PGY as “an Outperform”.
Price Performance Review of PGY
On Friday, Pagaya Technologies Ltd [NASDAQ:PGY] saw its stock fall -3.41% to $8.77. Over the last five days, the stock has lost -8.93%. Pagaya Technologies Ltd shares have fallen nearly -5.60% since the year began. Nevertheless, the stocks have fallen -39.10% over the past one year. While a 52-week high of $20.00 was reached on 01/07/25, a 52-week low of $8.20 was recorded on 01/10/25. SMA at 50 days reached $10.29, while 200 days put it at $11.56.
Levels Of Support And Resistance For PGY Stock
The 24-hour chart illustrates a support level at 8.48, which if violated will result in even more drops to 8.18. On the upside, there is a resistance level at 8.94. A further resistance level may holdings at 9.10. The Relative Strength Index (RSI) on the 14-day chart is 40.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.53%. Stochastics %K at 20.53% 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 2024-12-13, growing by 0.7 million shares to a total of 7.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.88 million shares. There was a rise of 9.23%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 24, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $14 price target.
