Pagaya Technologies Stock Slips 11%

Shares of Pagaya Technologies Ltd. (PGY) are slipping over 11% on Monday morning despite no stock-related statement from the company.

PGY is currently trading at $7.00, down $0.87 or 11.05%, on the Nasdaq. The stock opened its trading at $8.00 after closing Friday's trading at $7.87. The stock has traded between $2.42 and $34.50 in the past 52-week period.

Pagaya Technologies is an Israel-based company. It is primarily engaged in financial technology (FinTech) industry. The Company develops data science, machine learning and AI technology (Artificial Intelligence) analytics, enabling accurate, real-time customer credit assessments.

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