In a filing, Remitly Global Inc revealed its Chief Executive Officer Oppenheimer Matthew B. unloaded Company’s shares for reported $0.25 million on Jul 17 ’25. In the deal valued at $17.30 per share,14,583 shares were sold. As a result of this transaction, Oppenheimer Matthew B. now holds 4,198,266 shares worth roughly $71.41 million.
Then, Oppenheimer Matthew B. sold 14,583 shares, generating $251,994 in total proceeds. Upon selling the shares at $17.28, the Chief Executive Officer now owns 4,212,849 shares.
Before that, Matthew B. Oppenheimer bought 87,498 shares. Remitly Global Inc shares valued at $1,526,840 were divested by the Officer at a price of $17.45 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 -0.96% to $17.01. Over the last five days, the stock has lost -1.99%. Remitly Global Inc shares have risen nearly 26.22% since the year began. Nevertheless, the stocks have fallen -24.61% over the past one year. While a 52-week high of $27.32 was reached on 02/18/25, a 52-week low of $12.43 was recorded on 07/18/25.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 16.82, which if violated will result in even more drops to 16.63. On the upside, there is a resistance level at 17.25. A further resistance level may holdings at 17.49.
How much short interest is there in Remitly Global Inc?
A steep rise in short interest was recorded in Remitly Global Inc stocks on 2025-06-13, growing by 1.78 million shares to a total of 10.32 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 8.54 million shares. There was a rise of 17.23%, 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.
