Globe Life Inc’s filing revealed that its EVP & Chief Investment Officer Hensley Robert Edward acquired Company’s shares for reported $0.21 million on May 28 ’24. In the deal valued at $82.17 per share,2,500 shares were bought. As a result of this transaction, Hensley Robert Edward now holds 7,290 shares worth roughly $0.6 million.
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Then, SVOBODA FRANK M bought 2,500 shares, generating $205,684 in total proceeds. Upon buying the shares at $82.27, the Co-Chairman & CEO now owns 144,898 shares.
Before that, Darden James Matthew bought 1,000 shares. Globe Life Inc shares valued at $82,775 were divested by the Co-Chairman & CEO at a price of $82.78 per share. As a result of the transaction, Darden James Matthew now holds 38,973 shares, worth roughly $3.23 million.
Keefe Bruyette upgraded its Globe Life Inc [GL] rating to an Outperform from a a Mkt perform in a research note published on April 24, 2024; the price target was decreased to $110 from $130. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late October from “an Equal weight” to “an Overweight”. Morgan Stanley also remained covering GL and has increased its forecast on August 18, 2023 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Wells Fargo started covering the stock on April 25, 2023. It rated GL as “an Equal weight”.
Price Performance Review of GL
On Monday, Globe Life Inc [NYSE:GL] saw its stock jump 0.67% to $82.83. Over the last five days, the stock has lost -1.03%. Globe Life Inc shares have fallen nearly -31.95% since the year began. Nevertheless, the stocks have fallen -23.97% 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 $81.47, while 200 days put it at $107.47. A total of 0.9 million shares were traded, compared to the trading of 2.09 million shares in the previous session.
Levels Of Support And Resistance For GL Stock
The 24-hour chart illustrates a support level at 82.23, which if violated will result in even more drops to 81.64. On the upside, there is a resistance level at 83.94. A further resistance level may holdings at 85.06. The Relative Strength Index (RSI) on the 14-day chart is 51.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.47%. Stochastics%K at 72.84% indicates the stock is a holding.
