The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Globe Life Inc shares valued at $270,600 were purchased by Thigpen Mary E on Jul 26 ’24. At $90.20 per share, Thigpen Mary E acquired 3,000 shares. The insider’s holdings grew to 15,605 shares worth approximately $1.7 million following the completion of this transaction.
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Also, Hensley Robert Edward purchased 2,500 shares, netting a total of over 205,421 in proceeds. Following the buying of shares at $82.17 each, the insider now holds 7,290 shares.
Before that, Darden James Matthew had added 1,000 shares to its account. In a trade valued at $82,775, the Co-Chairman & CEO bought Globe Life Inc shares for $82.78 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $4.25 million.
As published in their initiating research note from TD Cowen on October 09, 2024, Globe Life Inc [GL] has been a Buy and the price target has been revised to $150. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late April. As of October 31, 2023, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for GL. Earlier on August 18, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Equal-weight” for GL stock which previously was a “an Underweight”.
Analyzing GL Stock Performance
During the last five days, there has been a surge of approximately 2.46%. Over the course of the year, Globe Life Inc shares have dropped approximately -10.41%. Shares of the company reached a 52-week high of $132.00 on 02/22/24 and a 52-week low of $38.95 on 04/11/24. A 50-day SMA is recorded $103.24, while a 200-day SMA reached $100.43. Nevertheless, trading volume fell to 0.69 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Globe Life Inc (GL)
According to the 24-hour chart, there is a support level at 107.69, which, if violated, would cause prices to drop to 106.32. In the upper region, resistance lies at 110.87. The next price resistance is at 112.68. RSI (Relative Strength Index) is 58.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.47, which suggests the price will increase in the coming days. Percent R is at 38.42%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
