Remitly Global Inc’s recent filing unveils that its Chief Executive Officer Oppenheimer Matthew B. unloaded Company’s shares for reported $0.34 million on Jan 23 ’25. In the deal valued at $23.19 per share,14,583 shares were sold. As a result of this transaction, Oppenheimer Matthew B. now holds 4,373,262 shares worth roughly $105.88 million.
Then, Oppenheimer Matthew B. sold 14,583 shares, generating $337,451 in total proceeds. Upon selling the shares at $23.14, the Chief Executive Officer now owns 4,387,845 shares.
Before that, Yoakum Rene sold 15,000 shares. Remitly Global Inc shares valued at $321,615 were divested by the EVP, Customer and Culture at a price of $21.44 per share. As a result of the transaction, Yoakum Rene now holds 143,213 shares, worth roughly $3.47 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 jump 1.55% to $24.21. Over the last five days, the stock has gained 3.02%. Remitly Global Inc shares have risen nearly 7.27% since the year began. Nevertheless, the stocks have risen 39.54% over the past one year. While a 52-week high of $24.09 was reached on 02/04/25, a 52-week low of $11.60 was recorded on 01/02/25. SMA at 50 days reached $22.21, while 200 days put it at $16.38.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 23.92, which if violated will result in even more drops to 23.63. On the upside, there is a resistance level at 24.38. A further resistance level may holdings at 24.56. The Relative Strength Index (RSI) on the 14-day chart is 67.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.28%. Stochastics %K at 84.44% 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 2025-01-15, dropping by -1.35 million shares to a total of 7.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 8.35 million shares. There was a decline of -19.32%, which implies that there is a negative sentiment for the stock.
