Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Remitly Global Inc shares valued at $243,244 were sold by Oppenheimer Matthew B. on Sep 23 ’25. At $16.68 per share, Oppenheimer Matthew B. sold 14,583 shares. The insider’s holdings dropped to 4,544,354 shares worth approximately $73.07 million following the completion of this transaction.
Also, Oppenheimer Matthew B. sold 14,583 shares, netting a total of over 241,786 in proceeds. Following the sale of shares at $16.58 each, the insider now holds 4,529,771 shares.
Before that, Tavis Luke had sold 2,920 shares from its account. In a trade valued at $58,400, the Chief Accounting Officer traded Remitly Global Inc shares for $20.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,920 shares, worth approximately $38849.28.
As published in a research note from Wolfe Research on September 09, 2025, Remitly Global Inc [RELY] has been rated up from a Peer perform to an Outperform and the price target has been revised to $25. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in early May. As of October 31, 2024, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for RELY. Earlier on February 22, 2024, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for RELY stock which previously was a “a Market perform”.
Analyzing RELY Stock Performance
On last trading session, Remitly Global Inc [NASDAQ: RELY] plunged -0.62% to $16.08. The stock’s lowest price that day was $15.94, but it reached a high of $16.32 in the same session. During the last five days, there has been a drop of approximately -1.05%. Over the course of the year, Remitly Global Inc shares have jumped approximately 20.09%. Shares of the company reached a 52-week high of $27.32 on 02/18/25 and a 52-week low of $15.62 on 08/01/25.
Support And Resistance Levels for Remitly Global Inc (RELY)
According to the 24-hour chart, there is a support level at 15.91, which, if violated, would cause prices to drop to 15.73. In the upper region, resistance lies at 16.29. The next price resistance is at 16.49. RSI (Relative Strength Index) is 33.45 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 steep in short interest on 2025-09-15 dropping by -0.17 million shares to 12.97 million. Data from Yahoo Finance shows that the short interest on 2025-08-15 was 13.14 million shares. A decline of -1.32% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.86 of the overall float, the days-to-cover ratio (short ratio) decline to 3.86.
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 54.51% from the previous closing price of $16.18. 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 January 17, 2024, Wells Fargo assigned a price target of “an Underweight” to the stock and initiated coverage with a $16.
