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Stock impact report

1 Top Growth Stock Down 55% to Buy After Its Recent Pullback [Yahoo! Finance]

Remitly Global, Inc. (RELY) 
US:NASDAQ Investor Relations: realindustryinc.com
Company Research Source: Yahoo! Finance
The company is facing concerns over an immigration crackdown, but these issues are not showing up in the numbers. Remitly stock is cheap for those with a stomach to hold for the long haul. 10 stocks we like better than Remitly Global › Immigration changes are a mounting concern for Remitly Global (NASDAQ: RELY) investors. These worries are not showing up in the underlying financial performance of this remittance disruptor. Revenue and transfer volume keep growing, along with profit margin expansion, which shows that the remittance market will do just fine despite increased crackdowns on illegal immigration in the U.S. Shares of Remitly fell after reporting earnings earlier this month and are now down 55% from highs set earlier this year. Furthermore, the shares are down 75% since its initial public offering ( IPO ) in 2021, even though the business is as large as ever. This divergence between stock price and financial performance makes Remitly Global a top growth stock to buy Show less Read more
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