Globe Life Inc’s recent filing unveils that its EVP & Chief Marketing Officer Haworth Jennifer Allison unloaded Company’s shares for reported $0.31 million on Dec 29 ’23. In the deal valued at $121.37 per share,2,524 shares were sold. As a result of this transaction, Haworth Jennifer Allison now holds 8,606 shares worth roughly $0.93 million.
Then, BUCHAN JANE sold 1,000 shares, generating $124,500 in total proceeds. Upon selling the shares at $124.50, the Director now owns 80,285 shares.
Before that, Skarjune Dolores L sold 20,479 shares. Globe Life Inc shares valued at $2,524,565 were divested by the EVP and Chief Admin. Officer at a price of $123.28 per share. As a result of the transaction, Skarjune Dolores L now holds 4,956 shares, worth roughly $0.53 million.
Wells Fargo upgraded its Globe Life Inc [GL] rating to an Overweight from a an Equal weight in a research note published on October 31, 2023; the price target was increased to $137 from $122. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid August from “an Underweight” to “an Equal-weight”. Wells Fargo began covering GL with “an Equal weight” recommendation on April 25, 2023. Evercore ISI revised its rating on October 28, 2022. It rated GL as “an In-line” which previously was an “an Outperform”.
Price Performance Review of GL
On Monday, Globe Life Inc [NYSE:GL] saw its stock fall -0.55% to $107.85. Over the last five days, the stock has lost -5.50%. Globe Life Inc shares have fallen nearly -11.40% since the year began. Nevertheless, the stocks have fallen -0.37% over the past one year. While a 52-week high of $132.00 was reached on 02/22/24, a 52-week low of $102.23 was recorded on 04/08/24. SMA at 50 days reached $121.30, while 200 days put it at $116.61. A total of 1.7 million shares were traded, compared to the trading of 0.18 million shares in the previous session.
Levels Of Support And Resistance For GL Stock
The 24-hour chart illustrates a support level at 106.45, which if violated will result in even more drops to 105.06. On the upside, there is a resistance level at 108.81. A further resistance level may holdings at 109.78. The Relative Strength Index (RSI) on the 14-day chart is 18.68, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.49%. Stochastics %K at 10.63% indicates the stock is a buying.
How much short interest is there in Globe Life Inc?
A steep rise in short interest was recorded in Globe Life Inc stocks on Mar 15, 2024, growing by 1.34 million shares to a total of 2.3 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.96 million shares. There was a rise of 58.31%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.81% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.08.
The most recent change occurred on September 22, 2022 when Raymond James began covering the stock and recommended ‘”a Strong buy”‘ rating along with a $138 price target.
