Why Remitly Global Stock Lost 5% Today
Remitly (US:RELY) The Motley Fool·2026-02-23 22:17A broader sell-off in the payments sector weighed on Remitly.Remitly Global (RELY 5.25%) was among the losers in the fintech sector today as stocks fell broadly in response to a dystopian blog post offering a hypothetical scenario of how AI would disrupt a number of sectors, including financial payments.The panic surrounding that thesis outweighed a bullish analyst note on Remitly that included a price target hike, and the stock finished the day down 5%. Is payments at risk?The hypothetical scenario from Ci ...