Market News

Pagaya (NASDAQ:PGY) Nosedive: TipRanks Read the Tea Cup Right!

After dropping ~43% in the past five days, Pagaya (NASDAQ:PGY) shares are plummeting in the pre-market session today and we at TipRanks had already read the writing on the wall.

Last month, we noted there could be a downside movement owing to a lock-up clause in Pagaya’s merger agreement and the slide has begun just around the date we anticipated – September 18!

Moreover, today, the company has filed for the issuance of ~36.52 million shares, the resale of ~674.43 million shares by certain security holders, as well as a further issuance of ~9.58 million class A shares.

Read full Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More