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 $1,560,179 were sold by SVOBODA FRANK M on Dec 03 ’24. At $108.80 per share, SVOBODA FRANK M sold 14,340 shares. The insider’s holdings dropped to 16,396 shares worth approximately $1.74 million following the completion of this transaction.
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Also, Frank M. Svoboda purchased 16,250 shares, netting a total of over 1,788,150 in proceeds.
Before that, Robert Brian Mitchell had added 8,000 shares to its account. In a trade valued at $881,600, the Officer bought Globe Life Inc shares for $110.20 each.
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 1.34%. Over the course of the year, Globe Life Inc shares have dropped approximately -12.99%. 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 $107.99, while a 200-day SMA reached $96.95. Nevertheless, trading volume fell to 1.07 million shares from 1.21 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 104.43, which, if violated, would cause prices to drop to 102.96. In the upper region, resistance lies at 107.01. The next price resistance is at 108.12. RSI (Relative Strength Index) is 46.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 51.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
