Reliance Global Group (NASDAQ:RELI) Shares Down 11.1%

Reliance Global Group, Inc. (NASDAQ:RELI)’s stock price fell 11.1% during mid-day trading on Thursday . The company traded as low as $0.27 and last traded at $0.28. 167,119 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 882,994 shares. The stock had previously closed at $0.31.

Reliance Global Group Price Performance

The business has a 50 day simple moving average of $0.41 and a 200-day simple moving average of $0.82.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Citigroup Inc. bought a new position in shares of Reliance Global Group during the 1st quarter worth $29,000. Vanguard Group Inc. bought a new position in Reliance Global Group in the 3rd quarter worth about $45,000. Price T Rowe Associates Inc. MD boosted its stake in Reliance Global Group by 179.0% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 61,100 shares of the company’s stock worth $48,000 after purchasing an additional 39,200 shares during the period. Dimensional Fund Advisors LP bought a new position in Reliance Global Group in the 1st quarter worth about $75,000. Finally, Armistice Capital LLC purchased a new stake in shares of Reliance Global Group in the 4th quarter valued at about $85,000.

Reliance Global Group Company Profile

Reliance Global Group, Inc engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking, and insurance brokerage products. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.