Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Remitly Global Inc shares valued at $61,758 were sold by Tavis Luke on May 29 ’25. At $21.15 per share, Tavis Luke sold 2,920 shares. The insider’s holdings dropped to 1,208 shares worth approximately $25114.32 following the completion of this transaction.
Also, Hug Joshua sold 60,777 shares, netting a total of over 1,289,426 in proceeds. Following the sale of shares at $21.22 each, the insider now holds 3,733,811 shares.
Before that, Hug Joshua had sold 20,000 shares from its account. In a trade valued at $421,400, the Director traded Remitly Global Inc shares for $21.07 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $77.21 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 -3.39%. Over the course of the year, Remitly Global Inc shares have dropped approximately -7.89%. 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 20.52, which, if violated, would cause prices to drop to 20.24. In the upper region, resistance lies at 21.01. The next price resistance is at 21.22. RSI (Relative Strength Index) is 41.43 on the 14-day chart, showing neutral technical sentiment.
