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 $367,396 were purchased by SAEMA SOMALYA on Jun 25 ’25. At $20.36 per share, SAEMA SOMALYA acquired 18,045 shares.
Also, Riese Phillip John sold 5,000 shares, netting a total of over 102,400 in proceeds. Following the sale of shares at $20.48 each, the insider now holds 117,496 shares.
Before that, Hug Joshua had sold 10,000 shares from its account. In a trade valued at $208,898, the Director traded Remitly Global Inc shares for $20.89 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $72.44 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
On last trading session,, Remitly Global Inc [NASDAQ: RELY] plunged -3.68% to $19.61. The stock’s lowest price that day was $19.56, but it reached a high of $20.453 in the same session. During the last five days, there has been a drop of approximately -4.99%. Over the course of the year, Remitly Global Inc shares have jumped approximately 62.33%. 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 19.30, which, if violated, would cause prices to drop to 18.98. In the upper region, resistance lies at 20.19. The next price resistance is at 20.77. RSI (Relative Strength Index) is 40.84 on the 14-day chart, showing neutral technical sentiment.
Is Remitly Global Inc subject to short interest?
Stocks of Remitly Global Inc saw a sharp rise in short interest on 2025-05-30 jumping by 0.6 million shares to 7.87 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 7.27 million shares. A jump of 7.57% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.56 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.56.
Which companies own the most shares of Remitly Global Inc (RELY)?
In terms of Remitly Global Inc share price expectations, FactSet research, analysts set an average price target of 25 in the next 12 months, up nearly 22.79% from the previous closing price of $20.36. Analysts anticipate Remitly Global Inc stock to reach 25 by 2025, with the lowest price target being 25. In spite of this, 8 analysts ranked Remitly Global Inc stock as Buy at the end of 2025. On December 05, 2023, BMO Capital Markets assigned a price target of “a Market perform” to the stock and initiated coverage with a $25.
