Pagaya Technologies (NASDAQ:PGYWW) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Pagaya Technologies Ltd. (NASDAQ:PGYWW) shares passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $0.01 and traded as low as $0.0074. Pagaya Technologies shares last traded at $0.0096, with a volume of 20,381 shares traded.

Pagaya Technologies Trading Down 7.7%

The stock’s 50-day simple moving average is $0.01 and its two-hundred day simple moving average is $0.06.

About Pagaya Technologies

Pagaya Technologies Ltd. is a financial technology company that develops artificial intelligence and data analytics tools for lenders and other financial institutions. Its technology helps partners assess credit applications and connect eligible borrowers with funding from institutional investors. The company’s network supports financial products offered through partners, including personal loans, auto financing and point-of-sale credit. Pagaya generally provides the technology and funding connections rather than offering these products directly to consumers.