🔴 Pagaya Technologies is trading 5.5% down in after-hours trading amid broader software-sector weakness

Pagaya Technologies is trading at $19.66, down 5.53%, amid broader after-hours weakness in software stocks.

• On October 29, Pagaya Technologies reported record third-quarter revenue of $390 million and network volume of $3.6 billion.
• It raised its full-year GAAP net income outlook to $162 million–$182 million.
• After hours, software-sector ETF IGV was down 3.76%, while the Nasdaq was down 2.27%; available evidence does not establish a new Pagaya-specific negative announcement after the close.