Reliance Global Group (NASDAQ:RELI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Reliance Global Group (NASDAQ:RELI) to a sell rating in a research report report published on Saturday.

Reliance Global Group Stock Up 1.9%

Shares of RELI stock opened at $1.07 on Friday. The company has a 50-day moving average of $1.58 and a two-hundred day moving average of $1.46. Reliance Global Group has a 1-year low of $0.97 and a 1-year high of $5.11.

Insider Activity at Reliance Global Group

In other Reliance Global Group news, Director Alex Blumenfrucht sold 36,249 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $2.90, for a total transaction of $105,122.10. Following the completion of the transaction, the director owned 484 shares of the company’s stock, valued at $1,403.60. This trade represents a 98.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Yaakov Beyman sold 20,000 shares of the stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $3.06, for a total transaction of $61,200.00. Following the transaction, the vice president directly owned 70,475 shares of the company’s stock, valued at approximately $215,653.50. This trade represents a 22.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,019 shares of company stock valued at $404,990 over the last quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Reliance Global Group stock. Geode Capital Management LLC acquired a new stake in Reliance Global Group, Inc. (NASDAQ:RELI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,050 shares of the company’s stock, valued at approximately $26,000.

Reliance Global Group Company Profile

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