3 Years Ago
1 Min Read
Off goes PGY. Is this the new whipsawing meme stock?
Shares of (PGY) are trading 38% higher at a price of $24.71 at the time of this writing.
Pagaya Technologies is a financial technology company that has seen whiplashing stock prices the last few days.
The internet-trader hivemind has discovered that there are a large amount of shares outstanding but very few shares available to trade relative to that number. So, by buying shares the price can be manipulated.
PGY has been trading between a 52-week high of $24.94 and a 52-week low of $2.42. The stock has a market cap of $11.3 Billion.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverseā¢:
Own_Tackle4514 - 3 upvotes - source
DT GETY this morning might catch more vol at open, PGY might run today
swampassOG - 1 upvotes - source
PGY fomo is real.
Chill_LikeFlynt - 0 upvotes - source
PGY š
Pagaya Technologies is a financial technology company that has seen whiplashing stock prices the last few days.
The internet-trader hivemind has discovered that there are a large amount of shares outstanding but very few shares available to trade relative to that number. So, by buying shares the price can be manipulated.
PGY has been trading between a 52-week high of $24.94 and a 52-week low of $2.42. The stock has a market cap of $11.3 Billion.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverseā¢:
Own_Tackle4514 - 3 upvotes - source
DT GETY this morning might catch more vol at open, PGY might run today
swampassOG - 1 upvotes - source
PGY fomo is real.
Chill_LikeFlynt - 0 upvotes - source
PGY š
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