Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Globe Life Inc shares valued at $1,513,686 were sold by SVOBODA FRANK M on Jan 06 ’25. At $112.56 per share, SVOBODA FRANK M sold 13,448 shares. The insider’s holdings dropped to 18,948 shares worth approximately $2.16 million following the completion of this transaction.
Also, HENRIE MICHAEL SHANE sold 1,500 shares, netting a total of over 168,487 in proceeds. Following the sale of shares at $112.32 each, the insider now holds 1,820 shares.
Before that, Haworth Jennifer Allison had sold 9,000 shares from its account. In a trade valued at $1,016,153, the EVP & Chief Marketing Officer traded Globe Life Inc shares for $112.91 each. Upon closing the transaction, the insider’s holdings decreased to 9,000 shares, worth approximately $1.54 million.
As published in a research note from Evercore ISI on January 08, 2025, Globe Life Inc [GL] has been rated up from an In-line to an Outperform and the price target has been revised to $143 from $132. Analysts at TD Cowen started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of April 24, 2024, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for GL. Earlier on October 31, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for GL stock which previously was a “an Equal weight”.
Analyzing GL Stock Performance
During the last five days, there has been a surge of approximately 2.33%. Over the course of the year, Globe Life Inc shares have jumped approximately 2.33%. Shares of the company reached a 52-week high of $114.49 on 01/08/25 and a 52-week low of $110.43 on 01/07/25. A 50-day SMA is recorded $108.42, while a 200-day SMA reached $96.44. Nevertheless, trading volume fell to 0.73 million shares from 0.57 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 111.91, which, if violated, would cause prices to drop to 109.70. In the upper region, resistance lies at 115.41. The next price resistance is at 116.70. RSI (Relative Strength Index) is 66.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.10, which suggests the price will increase in the coming days. Percent R is at 3.47%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
