Pagaya Technologies Ltd. (NASDAQ: PGY) stock jumped 18.45% on Friday to $29.40 against a previous-day closing price of $24.82. With 12.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.19 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $32.70 whereas the lowest price it dropped to was $21.17. The 52-week range on PGY shows that it touched its highest point at $27.55 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 204.03%, but this was up by 603.35% over a month. Three-month performance surged to 197.87% while six-month performance rose 198.48%. The stock gained 204.35% in the past year, while it has gained 196.07% so far this year.
Other institutions hold 17.25% 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.
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 –.