PGY fell another 8.23% as U.S. equities sold off, with the S&P 500 down 1.82%, the Nasdaq down 2.93%, and the VIX up 21.4% on October 30. The move extended the reaction to Pagaya's October 29 third-quarter results and outlook raise, while the same-session $38 price-target increase from B. Riley did not offset the broader risk-off pressure source. Consumer-finance peers also fell intraday, but finished their latest daily sessions higher.
PGY fell another 8.23% as U.S. equities sold off, with the S&P 500 down 1.82%, the Nasdaq down 2.93%, and the VIX up 21.4% on October 30. The move extended the reaction to Pagaya's October 29 third-quarter results and outlook raise, while the same-session $38 price-target increase from B. Riley did not offset the broader risk-off pressure source. Consumer-finance peers also fell intraday, but finished their latest daily sessions higher.