Globe Life Inc’s filing revealed that its Director BLINN MARK A acquired Company’s shares for reported $0.34 million on Jan 06 ’25. In the deal valued at $113.23 per share,3,000 shares were bought.
Then, Jennifer A. Haworth bought 9,000 shares, generating $1,003,590 in total proceeds.
Before that, Frank M. Svoboda bought 16,000 shares. Globe Life Inc shares valued at $1,784,160 were divested by the Co-CEO at a price of $111.51 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 Monday, Globe Life Inc [NYSE:GL] saw its stock fall -0.28% to $111.20. Over the last five days, the stock has gained 1.55%. Globe Life Inc shares have fallen nearly -0.29% since the year began. Nevertheless, the stocks have fallen -9.02% over the past one year. While a 52-week high of $132.00 was reached on 01/06/25, a 52-week low of $38.95 was recorded on 01/02/25. SMA at 50 days reached $108.20, while 200 days put it at $96.47.
Levels Of Support And Resistance For GL Stock
The 24-hour chart illustrates a support level at 110.17, which if violated will result in even more drops to 109.14. On the upside, there is a resistance level at 113.06. A further resistance level may holdings at 114.92. The Relative Strength Index (RSI) on the 14-day chart is 58.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.88%. Stochastics %K at 82.26% indicates the stock is a selling.
How much short interest is there in Globe Life Inc?
A steep rise in short interest was recorded in Globe Life Inc stocks on 2024-12-13, growing by 0.18 million shares to a total of 2.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.01 million shares. There was a rise of 8.38%, which implies that there is a positive 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.
