Insider Selling: Reliance Global Group, Inc. (NASDAQ:RELI) CFO Sells 10,603 Shares of Stock

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

Reliance Global Group Trading Up 0.6 %

RELI stock opened at $1.75 on Thursday. Reliance Global Group, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $18.53. The business’s 50 day moving average price is $2.05 and its two-hundred day moving average price is $2.26.

Institutional Trading of Reliance Global Group

A hedge fund recently bought a new stake in Reliance Global Group stock. Geode Capital Management LLC purchased a new position in Reliance Global Group, Inc. (NASDAQ:RELI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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.