Pagaya Technologies Ltd. (NASDAQ: PGY) stock jumped 31.24% on Friday to $21.97 against a previous-day closing price of $16.74. With 42.85 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.14 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $24.94 whereas the lowest price it dropped to was $18.00. The 52-week range on PGY shows that it touched its highest point at $21.56 and its lowest point at $2.42 during that stretch.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PGY was up-trending over the past week, with a rise of 254.35%, but this was up by 280.76% over a month. Three-month performance surged to 121.70% while six-month performance rose 122.59%. The stock gained 127.90% in the past year, while it has gained 121.25% so far this year.
Institutional Ownership:
Other institutions hold 17.27% of PGY, in contrast to 0.17% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in PGY with 11.49% of the stake, Tiger Global Management LLC holds 52,711,258 shares worth 52,711,258. A second-largest stockholder of PGY, Citadel Advisors LLC, holds 2,442,573 shares, controlling over 0.53% of the firm’s shares. Aristeia Capital LLC is the third largest shareholder in PGY, holding 1,484,855 shares or 0.32% stake. With a 0.07% stake in PGY, the Picton Mahoney Fortified Arbitrag is the largest stakeholder. A total of 307,717 shares are owned by the mutual fund manager. The Advent/Claymore Convertible Secur, which owns about 0.03% of PGY stock, is the second-largest Mutual Fund holder. It holds 150,000 shares valued at 0.63 million. Picton Mahoney Fortified Arbitrag holds 0.02% of the stake in PGY, owning 101,500 shares worth 0.42 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PGY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PGY analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.
