Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Geo Group, Inc. shares valued at $37,500 were sold by March Shayn P. on Apr 05 ’24. At $15.00 per share, March Shayn P. sold 2,500 shares. The insider’s holdings dropped to 67,830 shares worth approximately $1.02 million following the completion of this transaction.
Also, ZOLEY GEORGE C purchased 50,000 shares, netting a total of over 624,025 in proceeds. Following the buying of shares at $12.48 each, the insider now holds 3,700,904 shares.
Before that, Black James H. had sold 5,672 shares from its account. In a trade valued at $67,792, the SVP & Pres, Secure Services traded Geo Group, Inc. shares for $11.95 each. Upon closing the transaction, the insider’s holdings decreased to 5,672 shares, worth approximately $0.0.
As published in their initiating research note from Northland Capital on October 02, 2023, Geo Group, Inc. [GEO] has been an Outperform and the price target has been revised to $14. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in late November. As of June 08, 2021, Wedbush has initiated its “Neutral” rating for GEO. Earlier on June 29, 2020, Noble Capital Markets initiated its rating. Their recommendation was “an Outperform” for GEO stock.
Analyzing GEO Stock Performance
During the last five days, there has been a surge of approximately 0.53%. Over the course of the year, Geo Group, Inc. shares have jumped approximately 39.15%. Shares of the company reached a 52-week high of $16.31 on 04/09/24 and a 52-week low of $10.46 on 01/17/24. A 50-day SMA is recorded $13.44, while a 200-day SMA reached $10.11. Nevertheless, trading volume fell to 1.41 million shares from 2.43 million shares the previous day.
Support And Resistance Levels for Geo Group, Inc. (GEO)
According to the 24-hour chart, there is a support level at 14.94, which, if violated, would cause prices to drop to 14.81. In the upper region, resistance lies at 15.19. The next price resistance is at 15.32. RSI (Relative Strength Index) is 59.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 56.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
