In a filing, Remitly Global Inc revealed its Officer ANKUR SINHA acquired Company’s shares for reported $1.65 million on May 09 ’25. In the deal valued at $24.11 per share,68,634 shares were bought.
Then, Hug Joshua sold 37,718 shares, generating $793,964 in total proceeds. Upon selling the shares at $21.05, the Vice Chair now owns 3,776,093 shares.
Before that, Hug Joshua sold 2,282 shares. Remitly Global Inc shares valued at $47,990 were divested by the Vice Chair at a price of $21.03 per share. As a result of the transaction, Hug Joshua now holds 3,773,811 shares, worth roughly $90.01 million.
Monness Crespi & Hardt reiterated its Remitly Global Inc [RELY] rating to a Buy in a research note published on May 08, 2025; the price target was $32. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late October from “an Underweight” to “an Equal weight”. BMO Capital Markets also remained covering RELY and has increased its forecast on February 22, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Wells Fargo started covering the stock on January 17, 2024. It rated RELY as “an Underweight”.
Price Performance Review of RELY
On Friday, Remitly Global Inc [NASDAQ:RELY] saw its stock fall -1.28% to $23.85. Over the last five days, the stock has gained 13.90%. Remitly Global Inc shares have risen nearly 5.67% since the year began. Nevertheless, the stocks have risen 56.70% 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 $20.65, while 200 days put it at $18.93.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 23.36, which if violated will result in even more drops to 22.87. On the upside, there is a resistance level at 24.48. A further resistance level may holdings at 25.12. The Relative Strength Index (RSI) on the 14-day chart is 72.32, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.82%. Stochastics %K at 88.36% indicates the stock is a selling.
The most recent change occurred on December 05, 2023 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $25 price target.
