"Friday Market Movers: JPMorgan, BlackRock, and More"
Before the bell, JPMorgan, BlackRock, Globe Life, and other stocks are making significant moves in the pre-market trading session.
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Globe Life
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"Globe Life Stock Tumbles on Short Seller's Fraud Allegations"
Fuzzy Panda has released a short report targeting Globe Life (GL) stock, alleging widespread insurance fraud, sexual assault cases involving employees, and other issues. The report also mentions former executives exposing insurance fraud and undercover investigations confirming the allegations. As a result, GL stock has dropped 17.5%, with high trading volume. Warren Buffett's divestment from the company and warnings about the insurance industry further contribute to the stock's decline.