Reliance Global Group (NASDAQ:RELI) Stock Price Up 4.3% – Time to Buy?

Shares of Reliance Global Group, Inc. (NASDAQ:RELI) were up 4.3% during trading on Tuesday . The company traded as high as $1.25 and last traded at $1.22. Approximately 19,418 shares changed hands during trading, a decline of 97% from the average daily volume of 679,368 shares. The stock had previously closed at $1.17.

Reliance Global Group Stock Performance

The business’s 50 day moving average price is $1.14 and its 200 day moving average price is $1.57.

Institutional Trading of Reliance Global Group

An institutional investor recently bought a new position in Reliance Global Group stock. Geode Capital Management LLC acquired a new stake in shares of Reliance Global Group, Inc. (NASDAQ:RELI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 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.