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- Globe Life (NYSE:GL) stock rebounded 15% in Friday morning trading, following a 53% swoon on Thursday, after the insurance and investment firm defended itself against allegations made by a short seller.
- “We are disappointed today to see self-motivated short sellers push inflammatory allegations in order to drive down Globe Life’s stock price,” the company said after Thursday’s market close.
- It said the report was misleading and included anonymous allegations. “We intend to more fully rebut these allegations in the near future.”