Remitly Global Inc’s filing revealed that its Chief Executive Officer Oppenheimer Matthew B. unloaded Company’s shares for reported $0.19 million on Apr 25 ’24. In the deal valued at $17.94 per share,10,416 shares were sold. As a result of this transaction, Oppenheimer Matthew B. now holds 4,657,189 shares worth roughly $70.88 million.
Then, Oppenheimer Matthew B. sold 10,416 shares, generating $191,238 in total proceeds. Upon selling the shares at $18.36, the Chief Executive Officer now owns 4,667,605 shares.
Before that, Yoakum Rene sold 15,000 shares. Remitly Global Inc shares valued at $280,120 were divested by the EVP, Customer and Culture at a price of $18.67 per share. As a result of the transaction, Yoakum Rene now holds 81,137 shares, worth roughly $1.23 million.
BMO Capital Markets upgraded its Remitly Global Inc [RELY] rating to an Outperform from a a Market perform in a research note published on February 22, 2024; the price target was increased to $28 from $24. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid January with a ‘”an Underweight”‘ rating. BMO Capital Markets began covering RELY with “Market perform” recommendation on December 05, 2023. Wolfe Research revised its rating on December 01, 2023. It rated RELY as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of RELY
On Tuesday, Remitly Global Inc [NASDAQ:RELY] saw its stock fall -1.23% to $15.22. Over the last five days, the stock has lost -14.64%. Remitly Global Inc shares have fallen nearly -21.63% since the year began. Nevertheless, the stocks have fallen -16.74% over the past one year. While a 52-week high of $27.95 was reached on 02/22/24, a 52-week low of $13.60 was recorded on 05/02/24. SMA at 50 days reached $19.56, while 200 days put it at $21.14. A total of 1.53 million shares were traded, compared to the trading of 3.02 million shares in the previous session.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 15.08, which if violated will result in even more drops to 14.93. On the upside, there is a resistance level at 15.42. A further resistance level may holdings at 15.61. The Relative Strength Index (RSI) on the 14-day chart is 24.55, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.86%. Stochastics %K at 28.42% indicates the stock is a holding.
