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 $0.48 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 $0.28 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 -5.55% to $55.81. Over the last five days, the stock has lost -48.25%. Globe Life Inc shares have fallen nearly -54.15% since the year began. Nevertheless, the stocks have fallen -47.91% over the past one year. While a 52-week high of $132.00 was reached on 02/22/24, a 52-week low of $38.95 was recorded on 04/11/24. SMA at 50 days reached $116.56, while 200 days put it at $115.82. A total of 6.6 million shares were traded, compared to the trading of 25.74 million shares in the previous session.
Levels Of Support And Resistance For GL Stock
The 24-hour chart illustrates a support level at 53.89, which if violated will result in even more drops to 51.96. On the upside, there is a resistance level at 59.36. A further resistance level may holdings at 62.90. The Relative Strength Index (RSI) on the 14-day chart is 15.22, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -44.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.52%. Stochastics %K at 20.05% indicates the stock is a holding.
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.
