Remitly Global Inc’s recent filing unveils that its Chief Accounting Officer Tavis Luke unloaded Company’s shares for reported $58400.0 on Sep 05 ’25. In the deal valued at $20.00 per share,2,920 shares were sold. As a result of this transaction, Tavis Luke now holds 2,416 shares worth roughly $41168.64.
Then, Riese Phillip John sold 5,000 shares, generating $100,000 in total proceeds. Upon selling the shares at $20.00, the Director now owns 112,496 shares.
Before that, PHILLIP RIESE bought 5,000 shares. Remitly Global Inc shares valued at $98,400 were divested by the Director at a price of $19.68 per share.
Wolfe Research upgraded its Remitly Global Inc [RELY] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Wells Fargo also remained covering RELY and has increased its forecast on October 31, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. BMO Capital Markets revised its rating on February 22, 2024. It rated RELY as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of RELY
On Monday, Remitly Global Inc [NASDAQ:RELY] saw its stock fall -0.41% to $17.04. Over the last five days, the stock has gained 2.22%. Remitly Global Inc shares have risen nearly 19.83% since the year began. Nevertheless, the stocks have fallen -24.50% 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 16.76, which if violated will result in even more drops to 16.49. On the upside, there is a resistance level at 17.28. A further resistance level may holdings at 17.53.
How much short interest is there in Remitly Global Inc?
A steep rise in short interest was recorded in Remitly Global Inc stocks on 2025-08-29, growing by 0.83 million shares to a total of 13.83 million shares. Yahoo Finance data shows the prior-month short interest on 2025-07-31 was 13.01 million shares. There was a rise of 5.99%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 17, 2024 when Wells Fargo began covering the stock and recommended ‘”an Underweight”‘ rating along with a $16 price target.
