Reliance Global Group, Inc. (NASDAQ:RELI) CFO Sells $18,900.00 in Stock

Reliance Global Group, Inc. (NASDAQ:RELI) CFO Joel Markovits sold 27,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $0.70, for a total value of $18,900.00. Following the completion of the sale, the chief financial officer now directly owns 184,338 shares of the company’s stock, valued at approximately $129,036.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Reliance Global Group Stock Down 9.3 %

Shares of NASDAQ:RELI opened at $4.00 on Friday. Reliance Global Group, Inc. has a 12-month low of $3.30 and a 12-month high of $75.82. The business’s 50 day moving average is $4.73 and its 200 day moving average is $6.24.

Institutional Trading of Reliance Global Group

A hedge fund recently bought a new stake in Reliance Global Group stock. Armistice Capital LLC purchased a new position in shares of Reliance Global Group, Inc. (NASDAQ:RELI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 157,736 shares of the company’s stock, valued at approximately $85,000.

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.