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Update: Globe Life Shares Decline on Short Seller Report; No Immediate Company Comment
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Update: Globe Life Shares Decline on Short Seller Report; No Immediate Company Comment
Apr 11, 2024 7:30 AM

10:06 AM EDT, 04/11/2024 (MT Newswires) -- (Updates to add details throughout.)

Globe Life ( GL ) shares were down more than 14% in recent Thursday trading after short-seller Fuzzy Panda Research alleged that company executives disregarded insurance fraud.

Fuzzy Panda, which said it had a short position in Globe Life ( GL ) shares, alleged that the company's executives "disregarded wide-ranging insurance fraud" while receiving funds in an "undisclosed kick-back scheme."

Globe Life ( GL ) did not immediately respond to MT Newswires' requests for comment.

Price: 90.03, Change: -14.90, Percent Change: -14.20

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