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Why Pagaya Stock Jumped 25% in May

Jennifer Saibil, The Motley Fool
·2-min read
Why Pagaya Stock Jumped 25% in May

Shares of Pagaya Technologies (NASDAQ: PGY) stock gained 25% in May, according to data from S&P Global Market Intelligence. Pagaya operates a credit evaluation platform similar to popular stock Upstart Holdings, but it hasn't gotten nearly the same amount of market adulation. It went public in 2021 through a special purpose acquisition company (SPAC) offering, which was all the rage at the height of the previous bull market but has now earned strong investor pessimism.

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