Why Remitly Stock Popped Higher This Week
Shares of Remitly (NASDAQ: RELY) shot up over 10% this week, according to data from S&P Global Market Intelligence. The mobile-first remittance platform posted strong user and revenue growth last quarter, beating Wall Street expectations. As of 10:01 a.m. ET on Friday, shares of Remitly are up 14.5% in the last five trading days.