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

2.16

Mkt cap

3.3M

Volume

65K

High

2.16

P/E Ratio

-0.01

52-wk high

25.50

Low

1.90

Div yield

N/A

52-wk low

1.90

Jabil Inc. (NYSE:JBL) shares fell 7.8% after reporting a 20.2% year-on-year decline in third-quarter revenue, despite beating analyst estimates. The company provided mixed guidance for the fourth quarter. Other stocks moving significantly include MGO Global, Inc. (NASDAQ:MGOL), Griid Infrastructure Inc. (NASDAQ:GRDI), and Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP), among others.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 5:26 pm

Reliance Global shares are trading higher after the company announced an institutional investor has redeemed all of its outstanding Series B and Series G warrants.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 3:44 pm

U.S. stocks traded mixed with the Dow down 0.10%, NASDAQ up 0.16%, and S&P 500 up 0.12%. The U.S. current account deficit widened to $237.6 billion in Q1. Financial shares rose 0.6%, while communication services fell 0.8%. MGO Global, Griid Infrastructure, and Reliance Global Group saw significant stock price increases, while Mustang Bio, NLS Pharmaceutics, and Sonnet BioTherapeutics experienced declines.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 1:42 pm

U.S. stocks traded mixed with the S&P 500 gaining 0.1%. America's Car-Mart shares tumbled over 7% after disappointing Q4 earnings. Reliance Global Group, Actelis Networks, and Comtech Telecommunications saw significant gains due to positive news. Taysha Gene Therapies, DermTech, and Quantum Corporation experienced sharp declines.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 7:07 pm

Quantum Corporation (NASDAQ:QMCO) shares fell 44.5% to $0.43 after reporting worse-than-expected FY24 financial results and issuing FY25 guidance below estimates. Other notable stock movements include Reliance Global Group (NASDAQ:RELI) jumping 350% after an acquisition update, and DermTech, Inc. (NASDAQ:DMTK) falling 58.4% after filing for Chapter 11 protection.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 5:39 pm

U.S. stocks traded mostly higher with the Dow Jones up 0.1%, while the NASDAQ fell slightly. Energy shares rose by 0.7%. Key movers included Reliance Global Group, Actelis Networks, and Comtech Telecommunications, which saw significant gains. DermTech shares plummeted after filing for Chapter 11 protection.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 4:08 pm

Reliance Global Group, Inc. (NASDAQ:RELI) shares surged 245% after the company updated on its pending acquisition of Spetner Associates, projecting to double annual revenues to $28 million. The acquisition's impact is surpassing expectations, with Spetner’s BenManage segment now covering 85,000 employees. Heavy trading volume was noted with over 46 million shares traded.

Portfolio Pulse from Erica Kollmann

June 18, 2024 | 3:11 pm

Reliance Global shares are trading higher after the company announced that it expects the pending acquisition of Spetner Associates to close in the second half of 2024, projecting an increase in annualized revenue to approximately $28 million.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:53 pm

US stocks showed mixed performance with the Nasdaq Composite slightly down. Retail sales in May increased by 0.1%, missing expectations. Energy shares rose, while consumer discretionary shares fell. Notable stock movements include significant gains for Reliance Global Group, Comtech Telecommunications, and NLS Pharmaceutics, while Solidion Technology, DermTech, and Quantum Corporation saw substantial declines.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 2:11 pm

Reliance Global Group shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:01 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.