Many technology stocks are down and cheap, even though AI is propelling the whole market higher. Coupang's stock is down because of investor worries about a recent data leak.
On December 1, 2025, Director Joshua Hug reported the sale of 40,776 shares of Remitly (RELY 0.47%) in an open-market transaction valued at approximately $543,500, according to a SEC Form 4 filing.
Remitly Global is guiding for strong revenue growth through 2028. The company is expanding into new products, new geographies, and new demographies for its international money transfer products.
Remitly is a market-share gainer in remittances and has a long runway to keep growing. The stock is underappreciated by Wall Street today and trades down sharply from its highs.
Divested 5,036,343 shares of Remitly Global, resulting in a position value decrease of approximately $94.68 million The transaction represented a 3.94% change relative to the fund's reportable assets under management (AUM) Post-trade, the fund holds 61,463 shares valued at $1.00 million The position now accounts for 0.04% of AUM, which places it outside the fund's top five holdings
We believe Remitly Global (RELY) stock is worthy of consideration: It is growing, generating cash, and offered at a considerable valuation discount. Companies with such profiles can utilize cash to drive further revenue growth, or simply return it to shareholders via dividends or buybacks.
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