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Tag: Reliance Global Group

Stock Investing

Reliance Global (RELI) Stock Rose 7% In Extended Trades On Friday, But Why?

After-hours trading showed shares of Reliance Global Group Inc. (Nasdaq: RELI) up 7.43% to $0.82 following an announcement of a share repurchase program. RELI closed the regular session at $0.76, trading 0.45 million shares. How does RELI plan to repurchase shares? As part of its share repurchase program, the Board of Directors of Reliance Global (RELI) announced on Friday that up to 3.0 million shares of its outstanding common stock may be purchased under the program. Upon the Company’s release of its quarterly earnings for the three months ended September 30, 2022 (the “Commencement Date”), it will become effective three