Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Remitly Global Inc shares valued at $288,218,000 were purchased by PayU Fintech Investments B.V. on May 14 ’25. At $24.22 per share, PayU Fintech Investments B.V. acquired 11,900,000 shares.
Also, Sinha Ankur sold 68,634 shares, netting a total of over 1,654,766 in proceeds. Following the sale of shares at $24.11 each, the insider now holds 329,171 shares.
Before that, ANKUR SINHA had added 68,634 shares to its account. In a trade valued at $1,654,869, the Officer bought Remitly Global Inc shares for $24.11 each.
As published in a research note from Monness Crespi & Hardt on May 08, 2025, Remitly Global Inc [RELY] has been retained to a Buy and the price target has been revised to $32. Analysts at Wells Fargo upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late October. As of February 22, 2024, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for RELY. Earlier on January 17, 2024, Wells Fargo initiated its rating. Their recommendation was “an Underweight” for RELY stock.
Analyzing RELY Stock Performance
During the last five days, there has been a surge of approximately 9.67%. Over the course of the year, Remitly Global Inc shares have jumped approximately 2.48%. Shares of the company reached a 52-week high of $27.32 on 02/18/25 and a 52-week low of $17.42 on 04/07/25. A 50-day SMA is recorded $20.68, while a 200-day SMA reached $19.09.
Support And Resistance Levels for Remitly Global Inc (RELY)
According to the 24-hour chart, there is a support level at 22.62, which, if violated, would cause prices to drop to 22.10. In the upper region, resistance lies at 23.53. The next price resistance is at 23.92. RSI (Relative Strength Index) is 61.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.16, which suggests the price will increase in the coming days. Percent R is at 29.75%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
