Torchmark Corporation (TMK) : Traders are negative on Torchmark Corporation (TMK), as it has 2.5% of short positions outstanding compared to its float. The total shorts have reduced by -82,738 shares, which is a -2.7% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,3,069,416 to 2,986,678 shares. While the daily trading volume of the stock is 576,143, there are 5 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Torchmark Corporation (NYSE:TMK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.91 and $62.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.40, notching a gain of 0.68% for the day. The total traded volume was 437,684 . The stock had closed at $62.97 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Mccoy Carol A, officer (VP, Assoc. Counsel & Corp. Sec) of Torchmark Corp, had unloaded 6,000 shares at an average price of $62.03 in a transaction dated on August 9, 2016. The total value of the transaction was worth $372,180.
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.