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 $359,637 were sold by Somalya Saema on Jun 25 ’25. At $19.93 per share, Somalya Saema sold 18,045 shares. The insider’s holdings dropped to 69,775 shares worth approximately $1.27 million following the completion of this transaction.
Also, SAEMA SOMALYA purchased 18,045 shares, netting a total of over 367,396 in proceeds.
Before that, Riese Phillip John had sold 5,000 shares from its account. In a trade valued at $102,400, the Director traded Remitly Global Inc shares for $20.48 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $2.15 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 -1.08% to $18.26. The stock’s lowest price that day was $18.035, but it reached a high of $18.485 in the same session. During the last five days, there has been a drop of approximately -6.88%. Over the course of the year, Remitly Global Inc shares have jumped approximately 50.66%. 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 18.03, which, if violated, would cause prices to drop to 17.81. In the upper region, resistance lies at 18.49. The next price resistance is at 18.71. RSI (Relative Strength Index) is 33.06 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 2025-06-13 jumping by 1.78 million shares to 10.32 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 8.54 million shares. A jump of 17.23% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.46 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.46.
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 35.43% from the previous closing price of $18.46. 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.
