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Started By
Message
Globe Life -53% Five Billion Dollars in value wiped out
Posted on 4/12/24 at 10:18 am
Posted on 4/12/24 at 10:18 am
How can one short seller cause this ?
Globe Life Inc. accused of insurance fraud, stock plunges to lowest in more than a decade
The stock collapse on Thursday wiped out $5-billion dollars in value for Globe Life, Inc., according to the Wall Street Journal.
DALLAS — Stock for Globe Life Inc., one of North Texas' largest insurance providers, lost more than half of its value on Thursday after allegations of potential fraud by a group called Fuzzy Panda Research.
LINK
Globe Life Inc. accused of insurance fraud, stock plunges to lowest in more than a decade
The stock collapse on Thursday wiped out $5-billion dollars in value for Globe Life, Inc., according to the Wall Street Journal.
DALLAS — Stock for Globe Life Inc., one of North Texas' largest insurance providers, lost more than half of its value on Thursday after allegations of potential fraud by a group called Fuzzy Panda Research.
LINK
7
Posted on 4/12/24 at 11:09 am to The Torch
If true that's pretty significant.
Looks like a lot of people shot first and asked questions later.
Looks like a lot of people shot first and asked questions later.
Posted on 4/12/24 at 2:09 pm to The Torch
They came out and said it was a bad report (obviously). So is there a good time to get in on the stock in case it starts to pop upward after the initial hit?
Posted on 4/12/24 at 3:13 pm to The Torch
I was wondering why it tanked. I look at the top ten S&P losers every day to see if anything is on sale.
The headline was just them underperforming the market.
The headline was just them underperforming the market.
Posted on 4/13/24 at 8:35 am to The Torch
I’ll say that in my years of being in the industry, I’ve come across many of their customers who described the sales and solicitation process, leaving me speechless. Either industry laws and regulations make a special exception for Globe Life or their agents and underwriters do not do things by the book.
Posted on 4/13/24 at 10:27 am to The Torch
quote:
group called Fuzzy Panda Research
You just can’t make up this up. It’s like they were trying to tell you what they were going to do when they made up this name.
Posted on 4/14/24 at 10:04 am to The Torch
Posted on 4/14/24 at 6:32 pm to The Torch
quote:
fraud by a group called Fuzzy Panda Research.
Or as we know him by his first name, Peter, ceo AUPH.
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