Why Remitly Global Stock Was Sliding Today
Shares of Remitly Global (NASDAQ: RELY), the tech-forward remittance specialist, were pulling back today due to talk in Washington about a possible remittance tax as lawmakers look for ways to dissuade immigrants from sending money out of the country or collect a fee on those transactions.
As a result, Remitly was down 4.3% as of 12:23 p.m. ET.
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Source Fool.com
