Remitly Global Inc. (RELY) Surges to 459th in Trading Volume with 1.67 Billion Shares Exchanged

On June 17, 2025, Remitly Global Inc. (RELY) saw a significant surge in trading volume, with a total of 1.67 billion shares exchanged, marking a 130.9% increase from the previous day. This surge placed RELY at the 459th position in terms of trading volume for the day. The stock price of RELY rose by 5.63%, marking the second consecutive day of gains, with a total increase of 6.61% over the past two days.

Remitly Global Inc. (RELY) experienced a notable increase in its stock price on June 17, 2025. The stock reached an intraday high of $22.07 before closing at $20.76, up from its previous close of $19.53. This price movement places RELY 24.01% below its 52-week high of $27.32 and 78.97% above its 52-week low of $11.60. The trading volume for the day was 4,701,465 shares, which is 160.1% of the average daily volume of 2,936,493 shares.

Analysts have set a one-year price target for Remitly Global Inc. (RELY) with an average estimate of $28.32. This target range spans from a high of $32.00 to a low of $23.91, suggesting a potential upside of 36.43% from the current price of $20.76. Additionally, based on the consensus recommendation from 12 brokerage firms, RELY has an average brokerage recommendation of 1.9, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies a Strong Buy and 5 denotes a Sell.

GuruFocus estimates the GF Value for Remitly Global Inc. (RELY) to be $27.11 in one year, suggesting a potential upside of 30.59% from the current price of $20.76. The GF Value is an estimate of the fair value at which the stock should be traded, calculated based on historical trading multiples, past business growth, and future performance estimates.