Remitly Global Inc’s recent filing unveils that its Vice Chair Hug Joshua unloaded Company’s shares for reported $0.65 million on Feb 27 ’25. In the deal valued at $23.70 per share,27,395 shares were sold. As a result of this transaction, Hug Joshua now holds 3,833,811 shares worth roughly $78.52 million.
Then, Somalya Saema sold 10,495 shares, generating $251,250 in total proceeds. Upon selling the shares at $23.94, the CLCAO now owns 55,586 shares.
Before that, JOSHUA DAVID HUG bought 27,395 shares. Remitly Global Inc shares valued at $653,097 were divested by the Director at a price of $23.84 per share.
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 1.99% to $20.48. Over the last five days, the stock has lost -10.96%. Remitly Global Inc shares have fallen nearly -9.26% since the year began. Nevertheless, the stocks have fallen -1.06% 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 03/11/25. SMA at 50 days reached $23.62, while 200 days put it at $17.34.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 19.77, which if violated will result in even more drops to 19.07. On the upside, there is a resistance level at 20.96. A further resistance level may holdings at 21.44. The Relative Strength Index (RSI) on the 14-day chart is 30.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.95%. Stochastics %K at 8.50% indicates the stock is a buying.
