Remitly Global Inc’s recently made public that its Director JOSHUA DAVID HUG acquired Company’s shares for reported $0.23 million on May 16 ’25. In the deal valued at $22.81 per share,10,000 shares were bought.
Then, Sharma Pankaj sold 9,000 shares, generating $207,630 in total proceeds. Upon selling the shares at $23.07, the Chief Business Officer now owns 166,399 shares.
Before that, NASPERS LTD sold 11,900,000 shares. Remitly Global Inc shares valued at $272,331,500 were divested by the 10% Owner at a price of $22.89 per share. As a result of the transaction, NASPERS LTD now holds 25,441,745 shares, worth roughly $579.82 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 -0.09% to $22.79. Over the last five days, the stock has lost -4.44%. Remitly Global Inc shares have risen nearly 0.97% since the year began. Nevertheless, the stocks have risen 60.04% 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 $20.72, while 200 days put it at $19.18.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 22.60, which if violated will result in even more drops to 22.40. On the upside, there is a resistance level at 23.06. A further resistance level may holdings at 23.33. The Relative Strength Index (RSI) on the 14-day chart is 58.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.55%. Stochastics %K at 65.64% indicates the stock is a holding.
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.
