Pagaya Technologies Ltd. (NASDAQ:PGY) shares are trading higher on continued volatility after the company completed its SPAC merger agreement last month.
Gal Krubiner, CEO of Pagaya, said “Six years ago, we embarked on a mission to become the leading network powering financial possibilities for our partners and their customers. Since then, we have achieved significant volume and scale, thanks to the support of our dedicated employees, partners, and investors, leading us to this exciting moment in our company’s history. We believe being a public company better positions us to continue becoming the trusted A.I. partner for the banking ecosystem, helping to expand the availability of life-changing financial products to more people.”
Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem.
PGY Price Action: Pagaya Technologies Ltd. has traded between $7.00 and $2.42 over a 52-week period.
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The stock was trading 101.1% higher at $5.43 per share on Wednesday at the time of publication, according to data from Benzinga Pro.
