Alex Blumenfrucht Sells 5,236 Shares of Reliance Global Group, Inc. (NASDAQ:RELI) Stock

Reliance Global Group, Inc. (NASDAQ:RELI) Director Alex Blumenfrucht sold 5,236 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $3.69, for a total transaction of $19,320.84. Following the completion of the transaction, the director now directly owns 484 shares in the company, valued at $1,785.96. This trade represents a 91.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Reliance Global Group Stock Down 10.5 %

Shares of RELI stock opened at $2.38 on Friday. Reliance Global Group, Inc. has a 52 week low of $1.17 and a 52 week high of $18.53. The firm’s 50-day simple moving average is $1.84 and its two-hundred day simple moving average is $2.84.

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.