Remitly Global Inc’s recently made public that its Chief Business Officer Sharma Pankaj unloaded Company’s shares for reported $80000.0 on Nov 06 ’24. In the deal valued at $20.00 per share,4,000 shares were sold. As a result of this transaction, Sharma Pankaj now holds 151,576 shares worth roughly $2.97 million.
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Then, Yoakum Rene sold 28,133 shares, generating $562,871 in total proceeds. Upon selling the shares at $20.01, the EVP, Customer and Culture now owns 122,522 shares.
Before that, PANKAJ SHARMA bought 4,000 shares. Remitly Global Inc shares valued at $77,440 were divested by the Officer at a price of $19.36 per share.
Wells Fargo upgraded its Remitly Global Inc [RELY] rating to an Equal weight from a an Underweight in a research note published on October 31, 2024; the price target was increased to $18 from $13. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in late February from “a Market perform” to “an Outperform”. Wells Fargo began covering RELY with “an Underweight” recommendation on January 17, 2024. BMO Capital Markets started covering the stock on December 05, 2023. It rated RELY as “a Market perform”.
Price Performance Review of RELY
On Tuesday, Remitly Global Inc [NASDAQ:RELY] saw its stock fall -0.71% to $19.59. Over the last five days, the stock has gained 1.19%. Remitly Global Inc shares have risen nearly 0.88% since the year began. Nevertheless, the stocks have fallen -8.03% over the past one year. While a 52-week high of $23.01 was reached on 02/22/24, a 52-week low of $11.60 was recorded on 06/20/24. SMA at 50 days reached $14.86, while 200 days put it at $15.75.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 19.34, which if violated will result in even more drops to 19.09. On the upside, there is a resistance level at 19.90. A further resistance level may holdings at 20.21. The Relative Strength Index (RSI) on the 14-day chart is 81.08, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.61%. Stochastics %K at 91.84% indicates the stock is a selling.
How much short interest is there in Remitly Global Inc?
A steep rise in short interest was recorded in Remitly Global Inc stocks on 2024-10-31, growing by 0.69 million shares to a total of 10.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.82 million shares. There was a rise of 6.55%, which implies that there is a positive sentiment for the stock.
