Reliance Global Group (NASDAQ:RELI) Shares to Reverse Split on Monday, July 1st

Reliance Global Group, Inc. (NASDAQ:RELI) shares are scheduled to reverse split on Monday, July 1st. The 1-17 reverse split was announced on Monday, July 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, July 1st.

Reliance Global Group Trading Down 9.6 %

Shares of NASDAQ:RELI opened at $0.23 on Friday. Reliance Global Group has a 1-year low of $0.21 and a 1-year high of $5.07. The firm has a fifty day moving average price of $0.29 and a 200 day moving average price of $0.40.

Insider Activity

In related news, CEO Ezra Beyman purchased 186,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average price of $0.27 per share, with a total value of $50,220.00. Following the completion of the acquisition, the chief executive officer now directly owns 303,886 shares in the company, valued at approximately $82,049.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional Trading of Reliance Global Group

An institutional investor recently bought a new position in Reliance Global Group stock. Armistice Capital LLC purchased a new position in shares of Reliance Global Group, Inc. (NASDAQ:RELI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 157,736 shares of the company’s stock, valued at approximately $85,000.

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.