|Bid||10.58 x 800|
|Ask||10.64 x 800|
|Day's Range||9.97 - 10.78|
|52 Week Range||6.66 - 41.40|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 03, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.00|
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While not a mind-blowing move, it is good to see that the Remitly Global, Inc. ( NASDAQ:RELY ) share price has gained...
Many fast-growing companies are suffering even worse drawdowns, with the Nasdaq 100 index down 27% and the closely followed Ark Innovation ETF down 53%. The first company is Revolve Group (NYSE: RVLV), an online apparel and fashion retailer. As an e-commerce-only company, Revolve -- along with its other brand Forward -- mastered marketing through social media, where its target audience (younger women) spends a lot of time.
SEATTLE & TEL AVIV, Israel, August 16, 2022--Remitly Global, Inc., (NASDAQ: RELY) ("Remitly"), a leading global digital financial services provider for immigrants and their families, today announced that it has signed a definitive agreement to acquire Rewire, an Israeli-based financial services platform for migrant workers. Under the terms of the agreement, Remitly will acquire Rewire for approximately $80 million consisting of a mix of cash and stock.