In a filing, Remitly Global Inc revealed its EVP, Customer and Culture Yoakum Rene unloaded Company’s shares for reported $0.32 million on Dec 16 ’24. In the deal valued at $21.44 per share,15,000 shares were sold. As a result of this transaction, Yoakum Rene now holds 143,213 shares worth roughly $3.11 million.
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Then, Oppenheimer Matthew B. sold 14,583 shares, generating $315,139 in total proceeds. Upon selling the shares at $21.61, the Chief Executive Officer now owns 4,402,428 shares.
Before that, Oppenheimer Matthew B. sold 14,583 shares. Remitly Global Inc shares valued at $304,201 were divested by the Chief Executive Officer at a price of $20.86 per share. As a result of the transaction, Oppenheimer Matthew B. now holds 4,417,011 shares, worth roughly $95.94 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 Tuesday, Remitly Global Inc [NASDAQ:RELY] saw its stock unchanged to $21.72. Over the last five days, the stock has gained 3.72%. Remitly Global Inc shares have risen nearly 11.84% since the year began. Nevertheless, the stocks have risen 21.54% 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 $18.22, while 200 days put it at $15.97.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 21.49, which if violated will result in even more drops to 21.26. On the upside, there is a resistance level at 21.97. A further resistance level may holdings at 22.22. The Relative Strength Index (RSI) on the 14-day chart is 66.19, which indicates neutral 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 16.46%. Stochastics %K at 69.91% 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 2024-11-29, dropping by -2.35 million shares to a total of 8.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 10.51 million shares. There was a decline of -28.84%, which implies that there is a negative sentiment for the stock.
