Joel Markovits Sells 10,603 Shares of Reliance Global Group, Inc. (NASDAQ:RELI) Stock

Reliance Global Group, Inc. (NASDAQ:RELI) CFO Joel Markovits sold 10,603 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1.37, for a total value of $14,526.11. Following the completion of the sale, the chief financial officer now directly owns 197 shares of the company’s stock, valued at approximately $269.89. This trade represents a 98.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Reliance Global Group Price Performance

NASDAQ RELI opened at $1.75 on Thursday. Reliance Global Group, Inc. has a 1-year low of $1.18 and a 1-year high of $18.53. The stock has a 50-day moving average of $2.05 and a 200-day moving average of $2.26.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Reliance Global Group stock. Geode Capital Management LLC purchased a new stake in shares of Reliance Global Group, Inc. (NASDAQ:RELI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,050 shares of the company’s stock, valued at approximately $26,000.

About Reliance Global Group

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.