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Why Remitly Global Stock Rocketed 30% Higher This Week
The Motley Fool· 2026-02-20 19:20
The remittance provider posted strong fourth-quarter earnings and issued upbeat guidance for 2026.Shares of Remitly Global (RELY 2.16%) jumped 30% this week, according to data from S&P Global Market Intelligence. The mobile remittance platform reported Q4 earnings and guided to strong growth in 2026, which led investors to bid up the stock. Plus, the company is now producing strong operating leverage at scale, leading to huge profit gains.Here's why Remitly Global stock popped this week, and whether it is a ...