In a filing, Remitly Global Inc revealed its Vice Chair Hug Joshua unloaded Company’s shares for reported $0.46 million on Nov 26 ’24. In the deal valued at $20.62 per share,22,198 shares were sold. As a result of this transaction, Hug Joshua now holds 3,873,811 shares worth roughly $81.74 million.
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Then, Sharma Pankaj sold 2,000 shares, generating $42,080 in total proceeds. Upon selling the shares at $21.04, the Chief Business Officer now owns 166,556 shares.
Before that, Sinha Ankur sold 9,500 shares. Remitly Global Inc shares valued at $195,130 were divested by the Chief Product and Tech Officer at a price of $20.54 per share. As a result of the transaction, Sinha Ankur now holds 357,071 shares, worth roughly $7.53 million.
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 Friday, Remitly Global Inc [NASDAQ:RELY] saw its stock jump 1.44% to $21.10. Over the last five days, the stock has gained 2.63%. Remitly Global Inc shares have risen nearly 8.65% since the year began. Nevertheless, the stocks have risen 7.32% over the past one year. While a 52-week high of $22.08 was reached on 02/22/24, a 52-week low of $11.60 was recorded on 06/20/24. SMA at 50 days reached $17.08, while 200 days put it at $15.95.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 20.90, which if violated will result in even more drops to 20.69. On the upside, there is a resistance level at 21.22. A further resistance level may holdings at 21.34. The Relative Strength Index (RSI) on the 14-day chart is 70.67, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.31%. Stochastics %K at 83.82% 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 2024-11-15, dropping by -0.59 million shares to a total of 9.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 9.85 million shares. There was a decline of -6.43%, which implies that there is a negative sentiment for the stock.
