On 4/11/24, Globe Life Inc (NYSE: GL) stock suffered a major decline of -53.1%, closing at $49.17. Moreover, this decline was accompanied by exceptionally high trading volume at 2173% of normal. The stock has declined -55.7% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
GL is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Globe Life has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Globe Life has a slightly negative Appreciation Score of 37 but a good Power Rating of 77, leading to the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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