In a filing, Globe Life Inc revealed its Officer Robert Brian Mitchell acquired Company’s shares for reported $0.88 million on Nov 07 ’24. In the deal valued at $110.20 per share,8,000 shares were bought.
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Then, Thigpen Mary E bought 3,000 shares, generating $270,600 in total proceeds. Upon buying the shares at $90.20, the Director now owns 15,605 shares.
Before that, Hensley Robert Edward bought 2,500 shares. Globe Life Inc shares valued at $205,421 were divested by the EVP & Chief Investment Officer at a price of $82.17 per share. As a result of the transaction, Hensley Robert Edward now holds 7,290 shares, worth roughly $0.8 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 Monday, Globe Life Inc [NYSE:GL] saw its stock jump 0.50% to $109.75. Over the last five days, the stock has gained 0.66%. Globe Life Inc shares have fallen nearly -9.83% since the year began. Nevertheless, the stocks have fallen -6.52% 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 $107.09, while 200 days put it at $98.95.
Levels Of Support And Resistance For GL Stock
The 24-hour chart illustrates a support level at 108.45, which if violated will result in even more drops to 107.14. On the upside, there is a resistance level at 112.11. A further resistance level may holdings at 114.46. The Relative Strength Index (RSI) on the 14-day chart is 55.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.61%. Stochastics %K at 66.38% 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 2024-10-31, dropping by -0.14 million shares to a total of 1.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.11 million shares. There was a decline of -7.01%, which implies that there is a negative 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.
