Remitly Global Inc’s filing revealed that its Director JOSHUA DAVID HUG acquired Company’s shares for reported $0.2 million on Aug 15 ’25. In the deal valued at $19.65 per share,10,000 shares were bought.
Then, Sharma Pankaj sold 5,000 shares, generating $98,550 in total proceeds. Upon selling the shares at $19.71, the Chief Business Officer now owns 186,926 shares.
Before that, Sharma Pankaj sold 4,000 shares. Remitly Global Inc shares valued at $80,000 were divested by the Chief Business Officer at a price of $20.00 per share. As a result of the transaction, Sharma Pankaj now holds 182,926 shares, worth roughly $3.59 million.
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 -0.25% to $19.6. Over the last five days, the stock has gained 3.16%. Remitly Global Inc shares have risen nearly 40.40% since the year began. Nevertheless, the stocks have fallen -13.16% 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 08/01/25.
Levels Of Support And Resistance For RELY Stock
The 24-hour chart illustrates a support level at 19.43, which if violated will result in even more drops to 19.27. On the upside, there is a resistance level at 19.84. A further resistance level may holdings at 20.08.
How much short interest is there in Remitly Global Inc?
A steep rise in short interest was recorded in Remitly Global Inc stocks on 2025-07-31, dropping by -0.97 million shares to a total of 13.01 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-30 was 13.97 million shares. There was a decline of -7.44%, which implies that there is a negative 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.
