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

Shares of Reliance Global Group, Inc. (NASDAQ:RELI) are going to reverse split on the morning of 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 Stock Performance

Reliance Global Group stock opened at $0.29 on Thursday. The company’s 50-day moving average price is $0.29 and its 200-day moving average price is $0.40. Reliance Global Group has a twelve month low of $0.21 and a twelve month high of $5.07.

Insider Transactions at Reliance Global Group

In other Reliance Global Group news, CEO Ezra Beyman bought 186,000 shares of Reliance Global Group stock in a transaction dated Thursday, May 30th. The shares were purchased at an average cost of $0.27 per share, for a total transaction of $50,220.00. Following the acquisition, the chief executive officer now directly owns 303,886 shares in the company, valued at approximately $82,049.22. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On 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) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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.