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

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

Pagaya Technologies Trading Down 7.7%

The stock’s 50-day simple moving average is $0.44 and its 200 day simple moving average is $0.40.

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

Pagaya Technologies Company Profile

(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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