Streetbeat News

RELI

Reliance Global Group, Inc.

https://www.relianceglobalgroup.com

Industry

Insurance - Brokers

Reliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.

Open

1.58

Mkt cap

2.5M

Volume

52K

High

1.58

P/E Ratio

-0.02

52-wk high

24.14

Low

1.42

Div yield

N/A

52-wk low

1.42

Reliance Global Group, Inc. (NASDAQ:RELI) shares are trading higher after a 1-for-17 reverse split. The company announced a new Real Estate division, set to launch after acquiring Spetner Associates in the second half of 2024. Shares are up 10% at $4.23, despite a year-to-date loss of 95.09%.

Portfolio Pulse from Erica Kollmann

July 01, 2024 | 3:17 pm

Reliance Global shares are trading higher after the company formed a new real estate division.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 2:32 pm

Reliance Global shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:04 pm

Reliance Global Group, Inc. (NASDAQ:RELI) has announced the formation of a new Real Estate division. This division will leverage Ezra Beyman's experience in mortgage brokerage and multi-family properties. Abe Miller, a successful real estate investor, will oversee the division and be compensated on a success-based model. The new division will supplement the company's focus on acquiring profitable insurance agencies.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:38 pm

Reliance Global Group shares are trading lower following the announcement of a 1-for-17 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 3:03 pm

Reliance Global Group, Inc. (NASDAQ:RELI) announced a 1-for-17 reverse stock split to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The reverse split will take effect on June 28, 2024, and the stock will trade on a split-adjusted basis starting July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:18 pm

Reliance Global Group has withdrawn its registration statement with the SEC, eliminating the perceived warrant overhang and simplifying its capital structure. The company is optimistic about its future, including a planned acquisition of Spetner Associates, which is expected to significantly boost revenues and cash flows.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:16 pm

Kaival Brands Innovations Group (NASDAQ:KAVL) shares dropped 47% after announcing a $6.0 million public offering. Other notable movers include American Rebel Holdings (NASDAQ:AREB) up 161% due to a new distribution agreement, and Sharecare (NASDAQ:SHCR) up 74% following an acquisition agreement.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 6:04 pm

U.S. stocks traded mixed with the Nasdaq Composite falling around 50 points. The S&P Global composite PMI hit a 26-month high at 54.6 in June. Notable stock movements include American Rebel Holdings, Sharecare, and Spectaire Holdings rising significantly, while Kaival Brands Innovations, Psyence Biomedical, and Reliance Global Group saw substantial declines.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 2:13 pm

Sarepta Therapeutics shares surged 35.2% in pre-market trading following expanded FDA approval of ELEVIDYS for Duchenne Muscular Dystrophy patients aged 4 and above. Other notable pre-market movers include Spectaire Holdings, DermTech, and Trinity Place Holdings among others.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 12:22 pm

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