Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Globe Life Inc shares valued at $881,600 were purchased by Robert Brian Mitchell on Nov 07 ’24. At $110.20 per share, Robert Brian Mitchell acquired 8,000 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Thigpen Mary E purchased 3,000 shares, netting a total of over 270,600 in proceeds. Following the buying of shares at $90.20 each, the insider now holds 15,605 shares.
Before that, Hensley Robert Edward had added 2,500 shares to its account. In a trade valued at $205,421, the EVP & Chief Investment Officer bought Globe Life Inc shares for $82.17 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $0.79 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 drop of approximately -0.02%. Over the course of the year, Globe Life Inc shares have dropped approximately -10.46%. 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 $107.52, while a 200-day SMA reached $98.77. Nevertheless, trading volume fell to 0.55 million shares from 0.34 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 108.21, which, if violated, would cause prices to drop to 107.42. In the upper region, resistance lies at 109.78. The next price resistance is at 110.57. RSI (Relative Strength Index) is 53.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.37, which suggests the price will decrease in the coming days. Percent R is at 37.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
