Why Remitly Global Stock Lost 5% Today
Source: Motley Fool
2026-02-23 17:37:08 ET
Remitly Global (NASDAQ: RELY) was among the losers in the fintech sector today as stocks fell broadly in response to a dystopian blog post offering a hypothetical scenario of how AI would disrupt a number of sectors, including financial payments.
The panic surrounding that thesis outweighed a bullish analyst note on Remitly that included a price target hike, and the stock finished the day down 5%.
Image source: Getty Images.
Remitly Global Inc.
NASDAQ: RELY
RELY Trading
0.06% G/L:
$16.785 Last:
1,287,339 Volume:
$16.57 Open:
RELY Latest News
RELY Stock Data
$2,849,296,040
193,367,486
5.28%
89
N/A
Software & IT Services
Technology
US
Seattle
