Pagaya Technologies (NASDAQ:PGYWW) Stock Price Down 7.7% – Here’s Why

Pagaya Technologies Ltd. (NASDAQ:PGYWWGet Free Report) shares dropped 7.7% on Monday . The stock traded as low as $0.35 and last traded at $0.3501. Approximately 55,828 shares traded hands during trading, a decline of 38% from the average daily volume of 90,567 shares. The stock had previously closed at $0.3795.

Pagaya Technologies Stock Performance

The business’s 50 day simple moving average is $0.44 and its two-hundred day simple moving average is $0.40.

Pagaya Technologies (NASDAQ:PGYWWGet Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter. The business had revenue of $289.99 million for the quarter.

About Pagaya Technologies

(Get Free Report)

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally. The company develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets.

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