On Tuesday, Remitly Global Inc (RELY) saw its shares surpass the 200-day moving average, trading as high as $22.07—an increase of approximately 7% for the day. The current share price stands at $20.81, while the 52-week low and high are $11.60 and $27.32, respectively.
The movement above the 200-day average reflects a significant change in market momentum for Remitly, potentially signaling increased investor interest.
