Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Remitly Global Inc shares valued at $21,660 were sold by Tavis Luke on May 27 ’25. At $22.33 per share, Tavis Luke sold 970 shares. The insider’s holdings dropped to 4,128 shares worth approximately $88834.56 following the completion of this transaction.
Also, Oppenheimer Matthew B. sold 14,583 shares, netting a total of over 328,263 in proceeds. Following the sale of shares at $22.51 each, the insider now holds 4,256,598 shares.
Before that, Oppenheimer Matthew B. had sold 14,583 shares from its account. In a trade valued at $327,243, the Chief Executive Officer traded Remitly Global Inc shares for $22.44 each. Upon closing the transaction, the insider’s holdings decreased to 14,583 shares, worth approximately $91.92 million.
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 drop of approximately -5.61%. Over the course of the year, Remitly Global Inc shares have dropped approximately -4.65%. 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.
Support And Resistance Levels for Remitly Global Inc (RELY)
According to the 24-hour chart, there is a support level at 21.26, which, if violated, would cause prices to drop to 21.00. In the upper region, resistance lies at 22.02. The next price resistance is at 22.52. RSI (Relative Strength Index) is 46.17 on the 14-day chart, showing neutral technical sentiment.
