Pagaya Technologies is trading 10.06% lower at $18.68 amid a broadly weaker U.S. equity session.
- The S&P 500, Nasdaq Composite and Dow Jones Industrial Average are all lower; the Nasdaq is down 0.85%, increasing pressure on risk-sensitive growth stocks.
- Pagaya’s September 22 announcement of a $460 million revolving personal-loan facility was positive but does not explain the September 23 decline; no new negative company-specific catalyst was identified.