Globe Life Says Received Preliminary, Informal Inquiry From SEC's Fort Worth Regional Office Requesting Information Related To Recent Short Seller Reports Making Allegations - Filing
Portfolio Pulse from Benzinga Newsdesk
Globe Life has received a preliminary, informal inquiry from the SEC's Fort Worth Regional Office regarding recent short seller reports. The company intends to fully cooperate and does not believe it will result in a material loss.
May 21, 2024 | 11:56 am
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Globe Life has received a preliminary, informal inquiry from the SEC's Fort Worth Regional Office regarding recent short seller reports. The company intends to fully cooperate and does not believe it will result in a material loss.
The SEC inquiry, even if informal, can create uncertainty and potential negative sentiment among investors. Although Globe Life does not expect a material loss, the news could lead to short-term downward pressure on the stock price.
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