Why Remitly Global Stock Was Soaring Today
Shares of Remitly Global (NASDAQ: RELY) were popping today after the digital-first remittance specialist delivered an impressive fourth-quarter earnings report, with better-than-expected revenue growth and strong guidance for 2024.
As of 2:28 p.m. ET, the stock was up 18.3%.
Remitly has been growing rapidly as its money-transfer technology wins over consumers and takes market share from incumbents like Western Union and Moneygram, and that pattern was on display in the fourth quarter.
Source Fool.com
