What's Going On With Pagaya Technologies Stock?

Pagaya Technologies Ltd. (NASDAQ:PGY) shares are trading higher on continued volatility after the company completed its SPAC merger agreement last month.

The company announced the closing of its business combination with EJF Acquisition, a special purpose acquisition company, on June 22nd, 2022.

Pagaya stock was also trading on above-average volume. According to data from Benzinga Pro, the company has a 100-day average volume of approximately 293,500 shares. At the time of publication, the session volume had already exceeded approximately 14.7 million.

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.

PGY Price Action: Pagaya Technologies Ltd. has traded between $10.24 and $2.42 over a 52-week period.

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The stock was trading 93.5% higher at $5.22 per share on Wednesday at the time of publication, according to data from Benzinga Pro.