In a filing, Globe Life Inc revealed its Co-Chairman & CEO SVOBODA FRANK M unloaded Company’s shares for reported $1.56 million on Dec 03 ’24. In the deal valued at $108.80 per share,14,340 shares were sold. As a result of this transaction, SVOBODA FRANK M now holds 16,396 shares worth roughly $1.72 million.
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Then, Frank M. Svoboda bought 16,250 shares, generating $1,788,150 in total proceeds.
Before that, Robert Brian Mitchell bought 8,000 shares. Globe Life Inc shares valued at $881,600 were divested by the Officer at a price of $110.20 per share.
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 fall -1.74% to $104.76. Over the last five days, the stock has lost -5.83%. Globe Life Inc shares have fallen nearly -13.93% since the year began. Nevertheless, the stocks have fallen -14.91% 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 $107.98, while 200 days put it at $97.94.
Levels Of Support And Resistance For GL Stock
The 24-hour chart illustrates a support level at 102.96, which if violated will result in even more drops to 101.15. On the upside, there is a resistance level at 106.60. A further resistance level may holdings at 108.43. The Relative Strength Index (RSI) on the 14-day chart is 36.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.17%. Stochastics %K at 42.95% 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 2024-11-15, dropping by 7205.0 shares to a total of 2.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.02 million shares. There was a decline of -0.36%, 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.
