Globe Life Inc’s recently made public that its Co-Chairman & CEO SVOBODA FRANK M unloaded Company’s shares for reported $1.51 million on Jan 06 ’25. In the deal valued at $112.56 per share,13,448 shares were sold. As a result of this transaction, SVOBODA FRANK M now holds 18,948 shares worth roughly $2.14 million.
Then, HENRIE MICHAEL SHANE sold 1,500 shares, generating $168,487 in total proceeds. Upon selling the shares at $112.32, the SVP & Chief Accounting Officer now owns 1,820 shares.
Before that, Haworth Jennifer Allison sold 9,000 shares. Globe Life Inc shares valued at $1,016,153 were divested by the EVP & Chief Marketing Officer at a price of $112.91 per share. As a result of the transaction, Haworth Jennifer Allison now holds 13,485 shares, worth roughly $1.52 million.
Evercore ISI upgraded its Globe Life Inc [GL] rating to an Outperform from a an In-line in a research note published on January 08, 2025; the price target was increased to $143 from $132. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Keefe Bruyette also remained covering GL and has increased its forecast on April 24, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Wells Fargo revised its rating on October 31, 2023. It rated GL as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of GL
On Monday, Globe Life Inc [NYSE:GL] saw its stock jump 0.46% to $112.94. Over the last five days, the stock has gained 1.28%. Globe Life Inc shares have risen nearly 1.27% since the year began. Nevertheless, the stocks have fallen -6.27% over the past one year. While a 52-week high of $132.00 was reached on 01/08/25, a 52-week low of $38.95 was recorded on 01/07/25. SMA at 50 days reached $108.68, while 200 days put it at $96.40.
Levels Of Support And Resistance For GL Stock
The 24-hour chart illustrates a support level at 111.83, which if violated will result in even more drops to 110.71. On the upside, there is a resistance level at 113.70. A further resistance level may holdings at 114.47. The Relative Strength Index (RSI) on the 14-day chart is 60.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.14%. Stochastics %K at 86.52% 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.
