Torchmark Corporation (NYSE:TMK) has risen sharply, recording gains of 1.89% in the past 4 weeks. However, the stock has corrected -0.63% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.28% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 3.70% from its 1 Year high price. On Aug 11, 2015, the shares registered one year high at $63.26 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $60.50 and the 200 Day Moving Average price is recorded at $56.15.
The stock has recorded a 20-day Moving Average of 1.84% and the 50-Day Moving Average is 2.85%.
Torchmark Corporation (NYSE:TMK): stock turned positive on Friday. Though the stock opened at $61.22, the bulls momentum made the stock top out at $61.39 level for the day. The stock recorded a low of $60.85 and closed the trading day at $61.32, in the green by 1.29%. The total traded volume for the day was 715,243. The stock had closed at $60.54 in the previous days trading.
In an insider trading activity, The director, of Torchmark Corp, Zucconi Paul J had unloaded 1,400 shares at $59.68 per share in a transaction on June 15, 2016. The total value of transaction was $83,552. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Torchmark Corporation is an insurance holding company. The Companys segments include life insurance, health insurance, Medicare Part D, annuities and investment. The life insurance segment offers whole-life insurance, term life insurance and other life insurance products. The health insurance segment offers supplemental limited-benefit health insurance products primarily for cancer and accident plans. It also provides coverage under the Governments Medicare Part D plan. The Company offers single-premium and flexible-premium deferred annuity products. The Company also invests in bonds, preferred stock, common stocks, mortgage loans, real estate, policy loans and others. Its primary subsidiaries are American Income Life Insurance Company, Liberty National Life Insurance Company, Globe Life And Accident Insurance Company, United American Insurance Company and Family Heritage Life Insurance Company of America.