Remitly is trading 5.6% down at $24.47, with no new negative company-specific announcement or downgrade identified for August 7.
- The decline reverses part of its 7.73% gain on August 6.
- The Nasdaq rose 0.86% and the S&P 500 gained 0.42%.
- Recent earnings and raised guidance were positive, but appear related to the prior session’s rally rather than today’s drop.