In a filing, Remitly Global Inc revealed its Officer PANKAJ SHARMA acquired Company’s shares for reported $0.43 million on Feb 24 ’25. In the deal valued at $23.86 per share,18,000 shares were bought.
Then, RENE YOAKUM bought 60,000 shares, generating $1,628,400 in total proceeds.
Before that, Oppenheimer Matthew B. sold 14,583 shares. Remitly Global Inc shares valued at $372,450 were divested by the Chief Executive Officer at a price of $25.54 per share. As a result of the transaction, Oppenheimer Matthew B. now holds 4,344,096 shares, worth roughly $104.39 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 -2.79% to $24.03. Over the last five days, the stock has lost -9.22%. Remitly Global Inc shares have risen nearly 6.47% since the year began. Nevertheless, the stocks have risen 15.14% over the past one year. While a 52-week high of $27.32 was reached on 02/18/25, a 52-week low of $11.60 was recorded on 01/02/25. SMA at 50 days reached $23.52, while 200 days put it at $16.94.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 23.48, which if violated will result in even more drops to 22.94. On the upside, there is a resistance level at 24.55. A further resistance level may holdings at 25.08. The Relative Strength Index (RSI) on the 14-day chart is 46.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.66%. Stochastics %K at 23.47% indicates the stock is a holding.
