Pagaya Technologies Ltd (PGY)

Shares of Payaya Technologies (PGY) dropped by 7.30% from $1.37 to $1.27 in the trading on Monday, November 27, 2023. The reason why PGY is down today is due to the resignation of Chief Financial Officer (CFO) Michael Kurlander, who left the company to pursue an external opportunity. As an interim measure, the company appointed Deputy CFO Evangelos Perros to serve as Interim CFO while they search for a permanent replacement for Kurlander. The search will consider both internal and external candidates. CEO Gal Krubiner acknowledged Kurlander's significant contributions during his 2.5-year tenure, helping advance the company's mission and financial stability.

Pagaya Technologies shares dropped 9.43% after its quarterly report, which showed an earnings surprise of -100%. Last quarter, it was anticipated to earn $0.01 per share, but instead reported a loss of $0.02, surprising by -300%.

https://www.zacks.com/stock/news/2135423/pagaya-technologies-ltd-pgy-reports-break-even-earnings-for-q2?art_rec=quote-stock_overview-zacks_news-ID01-txt-2135423

Pagaya Technologies (PGY) stock is falling 9.00% to $1.92 on Monday after the company intends to announce its second quarter 2023 earnings on August 10, 2023.

https://finance.yahoo.com/news/pagaya-announces-timing-second-quarter-123000457.html