Globe Life Shares Rise After Piper Says Review Is ‘Positive’ (1)

(Adds shares.)

Globe Life shares rise as much as 3.1% Monday, to the highest intraday level since May 9, after the life insurance company completed its review of allegations raised by short sellers Fuzzy Panda Research and Viceroy Research. Piper Sandler analyst John Barnidge said the results are “without a doubt a positive” ahead of earnings.

• Review did not identify any matters requiring adjustments to previously issued financial statements
  • Audit Committee confirmed company has policies and procedures designed to safeguard the quality of the work experience
  • Determined there is no merit to the short sellers’ various allegations regarding financial accounting, ...