Remitly Global Inc’s recent filing unveils that its Director Riese Phillip John unloaded Company’s shares for reported $0.1 million on Jun 10 ’25. In the deal valued at $20.34 per share,5,000 shares were sold. As a result of this transaction, Riese Phillip John now holds 102,257 shares worth roughly $1.98 million.
Then, Somalya Saema sold 18,418 shares, generating $367,071 in total proceeds. Upon selling the shares at $19.93, the CLCAO now owns 87,820 shares.
Before that, SAEMA SOMALYA bought 18,418 shares. Remitly Global Inc shares valued at $365,781 were divested by the Officer at a price of $19.86 per share.
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 -2.86% to $19.35. Over the last five days, the stock has lost -10.17%. Remitly Global Inc shares have fallen nearly -14.27% since the year began. Nevertheless, the stocks have risen 48.96% 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.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 19.00, which if violated will result in even more drops to 18.65. On the upside, there is a resistance level at 19.70. A further resistance level may holdings at 20.05.
How much short interest is there in Remitly Global Inc?
A steep rise in short interest was recorded in Remitly Global Inc stocks on 2025-05-30, growing by 0.6 million shares to a total of 7.87 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 7.27 million shares. There was a rise of 7.57%, which implies that there is a positive sentiment for the stock.
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.
