Remitly Global Stock Hits Day Low of $12.21 Amid Price Pressure

Remitly Global, Inc. experienced significant volatility on November 6, 2025, with the stock declining by 23.92% and reaching an intraday low of USD 12.21. This notable drop comes amid a challenging performance trajectory, as the company has seen a year-to-date decline of 45.46%, contrasting sharply with the S&P 500's gain of 15.55% over the same period.
Over the past week, Remitly's performance has also been under pressure, down 24.39%, while the S&P 500 fell by just 1.37%. The company's one-year performance reflects a decline of 36.42%, significantly lagging behind the S&P 500's 17.53% increase.

Despite these challenges, Remitly has reported positive results for the last four consecutive quarters, showcasing a robust operating cash flow of USD 376.49 million and a remarkable pre-tax profit growth of 221.01%. The company maintains a high institutional ownership of 93.79%, indicating strong backing from institutional investors. As a small-cap player in the miscellaneous industry, Remitly continues to navigate a complex market landscape.