Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pagaya Technologies Ltd shares valued at $64,446 were sold by DAS SANJIV on Jan 17 ’25. At $8.85 per share, DAS SANJIV sold 7,282 shares. The insider’s holdings dropped to 91,163 shares worth approximately $0.83 million following the completion of this transaction.
Also, Rosen Tami sold 21,547 shares, netting a total of over 214,824 in proceeds. Following the sale of shares at $9.97 each, the insider now holds 73,550 shares.
Before that, Perros Evangelos had sold 21,305 shares from its account. In a trade valued at $212,411, the Chief Financial Officer traded Pagaya Technologies Ltd shares for $9.97 each. Upon closing the transaction, the insider’s holdings decreased to 21,305 shares, worth approximately $0.49 million.
Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. Earlier on June 17, 2024, Keefe Bruyette initiated its rating. Their recommendation was “an Outperform” for PGY stock.
Analyzing PGY Stock Performance
During the last five days, there has been a surge of approximately 6.79%. Over the course of the year, Pagaya Technologies Ltd shares have dropped approximately -1.83%. Shares of the company reached a 52-week high of $10.90 on 01/07/25 and a 52-week low of $8.27 on 01/13/25. A 50-day SMA is recorded $9.90, while a 200-day SMA reached $11.52. Nevertheless, trading volume fell to 0.7 million shares from 1.57 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 8.97, which, if violated, would cause prices to drop to 8.82. In the upper region, resistance lies at 9.32. The next price resistance is at 9.52. RSI (Relative Strength Index) is 46.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 67.68%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
