Remitly Global Inc’s recently made public that its Vice Chair Hug Joshua unloaded Company’s shares for reported $0.2 million on Apr 17 ’25. In the deal valued at $19.71 per share,10,000 shares were sold. As a result of this transaction, Hug Joshua now holds 3,823,811 shares worth roughly $73.99 million.
Then, Hug Joshua sold 10,000 shares, generating $192,300 in total proceeds. Upon selling the shares at $19.23, the Vice Chair now owns 3,813,811 shares.
Before that, JOSHUA DAVID HUG bought 10,000 shares. Remitly Global Inc shares valued at $199,300 were divested by the Director at a price of $19.93 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 1.31% to $19.35. Over the last five days, the stock has lost -5.10%. Remitly Global Inc shares have fallen nearly -14.27% since the year began. Nevertheless, the stocks have risen 4.03% 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 04/07/25. SMA at 50 days reached $21.75, while 200 days put it at $18.42.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 19.10, which if violated will result in even more drops to 18.84. On the upside, there is a resistance level at 19.51. A further resistance level may holdings at 19.66. The Relative Strength Index (RSI) on the 14-day chart is 41.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.38%. Stochastics %K at 49.28% 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 2025-03-31, growing by 0.87 million shares to a total of 8.1 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 7.22 million shares. There was a rise of 10.79%, which implies that there is a positive sentiment for the stock.
