Remitly Global Inc’s recent filing unveils that its Chief Executive Officer Oppenheimer Matthew B. unloaded Company’s shares for reported $0.24 million on Sep 23 ’25. In the deal valued at $16.68 per share,14,583 shares were sold. As a result of this transaction, Oppenheimer Matthew B. now holds 4,544,354 shares worth roughly $74.53 million.
Then, Oppenheimer Matthew B. sold 14,583 shares, generating $241,786 in total proceeds. Upon selling the shares at $16.58, the Chief Executive Officer now owns 4,529,771 shares.
Before that, Tavis Luke sold 2,920 shares. Remitly Global Inc shares valued at $58,400 were divested by the Chief Accounting Officer at a price of $20.00 per share. As a result of the transaction, Tavis Luke now holds 2,416 shares, worth roughly $39622.399999999994.
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 Friday, Remitly Global Inc [NASDAQ:RELY] saw its stock jump 0.92% to $16.4. Over the last five days, the stock has lost -4.15%. Remitly Global Inc shares have risen nearly 19.01% since the year began. Nevertheless, the stocks have fallen -27.34% 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 16.15, which if violated will result in even more drops to 15.90. On the upside, there is a resistance level at 16.54. A further resistance level may holdings at 16.68.
How much short interest is there in Remitly Global Inc?
A steep rise in short interest was recorded in Remitly Global Inc stocks on 2025-09-15, dropping by -0.17 million shares to a total of 12.97 million shares. Yahoo Finance data shows the prior-month short interest on 2025-08-15 was 13.14 million shares. There was a decline of -1.32%, which implies that there is a negative 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.
