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 $365,781 were purchased by SAEMA SOMALYA on Jun 11 ’25. At $19.86 per share, SAEMA SOMALYA acquired 18,418 shares.
Also, Oppenheimer Matthew B. sold 14,583 shares, netting a total of over 301,139 in proceeds. Following the sale of shares at $20.65 each, the insider now holds 4,242,015 shares.
Before that, Oppenheimer Matthew B. had sold 14,583 shares from its account. In a trade valued at $291,806, the Chief Executive Officer traded Remitly Global Inc shares for $20.01 each. Upon closing the transaction, the insider’s holdings decreased to 14,583 shares, worth approximately $84.8 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 -3.51%. Over the course of the year, Remitly Global Inc shares have dropped approximately -11.12%. 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 19.76, which, if violated, would cause prices to drop to 19.47. In the upper region, resistance lies at 20.25. The next price resistance is at 20.45. RSI (Relative Strength Index) is 39.07 on the 14-day chart, showing neutral technical sentiment.
