Why Pagaya Stock Jumped 21% in May
PGYPagaya Technologies .(PGY) The Motley Fool·2024-06-05 19:56

It delivered another solid quarter, but it's also recently done some interesting things that investors need to know about. Artificial intelligence (AI) credit company Pagaya Technologies (PGY -0.54%) stock jumped 21% in May according to data provided by S&P Global Market Intelligence. It reported excellent first-quarter results, and management is guiding for lots more to come. AI is driving a better financial platform Pagaya operates a platform connecting banks, borrowers, and institutional lenders. Althoug ...