Why Globe Life Stock Rocketed Almost 7% Higher Today

Both Globe Life (NYSE: GL) executives and investors wiped their collective brows on Tuesday. The company was formally cleared in a regulatory investigation, and it was the subject of a pair of optimistic analyst updates just afterwards. With these winds at its back, Globe Life's stock price rose by nearly 7% on the day, crushing the S&P 500 index and its 0.3% slip.Globe Life had actually divulged news of the probe's end last week. Still, the insurer was surely happy to report after market hours Monday that it's received formal notice that the investigation is concluded. The Department of Justice's (DoJ) U.S. Attorney's Office for the Western district of Pennsylvania said that no enforcement action would be taken against the company. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool