In a filing, Remitly Global Inc revealed its Officer RENE YOAKUM acquired Company’s shares for reported $1.63 million on Feb 18 ’25. In the deal valued at $27.14 per share,60,000 shares were bought.
Then, Oppenheimer Matthew B. sold 14,583 shares, generating $372,450 in total proceeds. Upon selling the shares at $25.54, the Chief Executive Officer now owns 4,344,096 shares.
Before that, Oppenheimer Matthew B. sold 14,583 shares. Remitly Global Inc shares valued at $367,637 were divested by the Chief Executive Officer at a price of $25.21 per share. As a result of the transaction, Oppenheimer Matthew B. now holds 4,358,679 shares, worth roughly $115.37 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 fall -2.47% to $26.47. Over the last five days, the stock has gained 3.00%. Remitly Global Inc shares have risen nearly 17.28% since the year began. Nevertheless, the stocks have risen 46.49% over the past one year. While a 52-week high of $27.24 was reached on 02/18/25, a 52-week low of $11.60 was recorded on 01/02/25. SMA at 50 days reached $23.13, while 200 days put it at $16.71.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 26.13, which if violated will result in even more drops to 25.80. On the upside, there is a resistance level at 27.06. A further resistance level may holdings at 27.66. The Relative Strength Index (RSI) on the 14-day chart is 68.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.05%. Stochastics %K at 91.85% indicates the stock is a selling.
