Warren Buffett Eliminated This Stock From Berkshire's Portfolio Last Year. It Has Fallen 32% in the First Half of 2024.
Last year, Warren Buffett and his team at Berkshire Hathaway eliminated its stake in Globe Life (NYSE: GL), a stock that had been a part of its portfolio for over two decades. The company faced some serious legal issues last year and suffered a deep sell-off earlier this year when it was the subject of a short-seller report.
Since the start of the year, Globe Life stock has plummeted 32.4%, according to data from S&P Global Market Intelligence. Here's what investors should know about the dip and what's next for Globe Life.
Last year, storm clouds began to emerge over Globe Life when one of its subsidiaries, American Income Life Insurance Co. and Arias Agencies, faced a lawsuit accusing it of inappropriate workplace conduct, including rampant drug use, sexual abuse, and degradation of agents who didn't hit sales targets. Compounding its troubles were accusations from a former executive who said he was fired for blowing the whistle on "potentially illegal" sales practices.
Source Fool.com
Berkshire Hathaway Inc. A Aktie
Leichtes Buy-Überwiegen bei Berkshire Hathaway Inc. A im Vergleich zu Sell-Einschätzungen.
Das Kursziel von 650000 € für Berkshire Hathaway Inc. A weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 613500.0 € hin.
