In a filing, Remitly Global Inc revealed its Vice Chair Hug Joshua unloaded Company’s shares for reported $0.35 million on May 29 ’24. In the deal valued at $13.23 per share,26,239 shares were sold. As a result of this transaction, Hug Joshua now holds 3,873,631 shares worth roughly $56.09 million.
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Then, Yoakum Rene sold 15,000 shares, generating $213,530 in total proceeds. Upon selling the shares at $14.24, the EVP, Customer and Culture now owns 81,137 shares.
Before that, Oppenheimer Matthew B. sold 10,416 shares. Remitly Global Inc shares valued at $149,157 were divested by the Chief Executive Officer at a price of $14.32 per share. As a result of the transaction, Oppenheimer Matthew B. now holds 4,646,773 shares, worth roughly $67.29 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 Friday, Remitly Global Inc [NASDAQ:RELY] saw its stock jump 2.70% to $14.48. Over the last five days, the stock has gained 6.39%. Remitly Global Inc shares have fallen nearly -25.44% since the year began. Nevertheless, the stocks have fallen -37.18% over the past one year. While a 52-week high of $27.95 was reached on 02/22/24, a 52-week low of $11.60 was recorded on 06/20/24. SMA at 50 days reached $13.02, while 200 days put it at $17.26.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 14.13, which if violated will result in even more drops to 13.77. On the upside, there is a resistance level at 14.67. A further resistance level may holdings at 14.86. The Relative Strength Index (RSI) on the 14-day chart is 63.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.64%. Stochastics%K at 59.97% indicates the stock is a holding.
How much short interest is there in Remitly Global Inc?
A steep rise in short interest was recorded in Remitly Global Inc stocks on 2024-07-31, growing by 0.61 million shares to a total of 11.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 11.2 million shares. There was a rise of 5.19%, which implies that there is a positive sentiment for the stock.
