Globe Life Inc’s filing revealed that its Director Thigpen Mary E acquired Company’s shares for reported $0.27 million on Jul 26 ’24. In the deal valued at $90.20 per share,3,000 shares were bought. As a result of this transaction, Thigpen Mary E now holds 15,605 shares worth roughly $1.68 million.
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Then, Hensley Robert Edward bought 2,500 shares, generating $205,421 in total proceeds. Upon buying the shares at $82.17, the EVP & Chief Investment Officer now owns 7,290 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 $4.2 million.
TD Cowen initiated its Globe Life Inc [GL] rating to a Buy in a research note published on October 09, 2024; the price target was $150. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in late April from “a Mkt perform” to “an Outperform”. Wells Fargo also remained covering GL and has increased its forecast on October 31, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Morgan Stanley revised its rating on August 18, 2023. It rated GL as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of GL
On Friday, Globe Life Inc [NYSE:GL] saw its stock jump 1.27% to $107.78. Over the last five days, the stock has gained 1.18%. Globe Life Inc shares have fallen nearly -11.45% since the year began. Nevertheless, the stocks have fallen -4.87% 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 $101.59, while 200 days put it at $100.67.
Levels Of Support And Resistance For GL Stock
The 24-hour chart illustrates a support level at 106.99, which if violated will result in even more drops to 106.19. On the upside, there is a resistance level at 109.15. A further resistance level may holdings at 110.51. The Relative Strength Index (RSI) on the 14-day chart is 58.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.96%. Stochastics %K at 61.44% indicates the stock is a holding.
How much short interest is there in Globe Life Inc?
A steep rise in short interest was recorded in Globe Life Inc stocks on 2024-09-30, growing by 30278.0 shares to a total of 2.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.08 million shares. There was a rise of 1.44%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 25, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $120 price target.
