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 $1,345,379 were sold by SVOBODA FRANK M on Feb 13 ’25. At $122.31 per share, SVOBODA FRANK M sold 11,000 shares. The insider’s holdings dropped to 18,948 shares worth approximately $2.35 million following the completion of this transaction.
Also, SVOBODA FRANK M sold 10,750 shares, netting a total of over 1,317,330 in proceeds. Following the sale of shares at $122.54 each, the insider now holds 18,948 shares.
Before that, Darden James Matthew had sold 24,890 shares from its account. In a trade valued at $3,024,610, the Co-Chairman & CEO traded Globe Life Inc shares for $121.52 each. Upon closing the transaction, the insider’s holdings decreased to 24,890 shares, worth approximately $4.84 million.
As published in their initiating research note from BMO Capital Markets on January 23, 2025, Globe Life Inc [GL] has been a Market perform and the price target has been revised to $114. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of October 09, 2024, TD Cowen has initiated its “Buy” rating for GL. Earlier on April 24, 2024, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for GL stock which previously was a “a Mkt perform”.
Analyzing GL Stock Performance
During the last five days, there has been a surge of approximately 2.31%. Over the course of the year, Globe Life Inc shares have jumped approximately 11.43%. Shares of the company reached a 52-week high of $125.43 on 02/20/25 and a 52-week low of $110.43 on 01/07/25. A 50-day SMA is recorded $115.09, while a 200-day SMA reached $101.07. Nevertheless, trading volume fell to 0.52 million shares from 0.77 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 122.98, which, if violated, would cause prices to drop to 121.70. In the upper region, resistance lies at 125.49. The next price resistance is at 126.71. RSI (Relative Strength Index) is 63.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.47, which suggests the price will increase in the coming days. Percent R is at 13.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
