Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Remitly Global Inc shares valued at $457,723 were sold by Hug Joshua on Nov 26 ’24. At $20.62 per share, Hug Joshua sold 22,198 shares. The insider’s holdings dropped to 3,873,811 shares worth approximately $81.27 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Sharma Pankaj sold 2,000 shares, netting a total of over 42,080 in proceeds. Following the sale of shares at $21.04 each, the insider now holds 166,556 shares.
Before that, Sinha Ankur had sold 9,500 shares from its account. In a trade valued at $195,130, the Chief Product and Tech Officer traded Remitly Global Inc shares for $20.54 each. Upon closing the transaction, the insider’s holdings decreased to 9,500 shares, worth approximately $7.49 million.
As published in a research note from Wells Fargo on October 31, 2024, Remitly Global Inc [RELY] has been rated up from an Underweight to an Equal weight and the price target has been revised to $18 from $13. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in late February. As of January 17, 2024, Wells Fargo has initiated its “an Underweight” rating for RELY. Earlier on December 05, 2023, BMO Capital Markets initiated its rating. Their recommendation was “a Market perform” for RELY stock.
Analyzing RELY Stock Performance
During the last five days, there has been a surge of approximately 0.82%. Over the course of the year, Remitly Global Inc shares have jumped approximately 8.03%. Shares of the company reached a 52-week high of $22.08 on 02/22/24 and a 52-week low of $11.60 on 06/20/24. A 50-day SMA is recorded $16.80, while a 200-day SMA reached $15.94. Nevertheless, trading volume fell to 1.12 million shares from 1.36 million shares the previous day.
Support And Resistance Levels for Remitly Global Inc (RELY)
According to the 24-hour chart, there is a support level at 20.67, which, if violated, would cause prices to drop to 20.35. In the upper region, resistance lies at 21.22. The next price resistance is at 21.45. RSI (Relative Strength Index) is 71.49 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 15.20%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
