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Geo Group, Inc. [NYSE: GEO] Sees Decrease in Stock Value

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Geo Group, Inc. shares valued at $72,173 were sold by KERNAN SCOTT MICHAEL on May 21 ’24. At $13.62 per share, KERNAN SCOTT MICHAEL sold 5,300 shares. The insider’s holdings dropped to 23,936 shares worth approximately $0.35 million following the completion of this transaction.

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Also, March Shayn P. sold 2,500 shares, netting a total of over 37,500 in proceeds. Following the sale of shares at $15.00 each, the insider now holds 67,830 shares.

Before that, ZOLEY GEORGE C had added 50,000 shares to its account. In a trade valued at $624,025, the Executive Chairman bought Geo Group, Inc. shares for $12.48 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $54.88 million.

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 11.84%. Over the course of the year, Geo Group, Inc. shares have jumped approximately 36.93%. 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 $13.92, while a 200-day SMA reached $11.70. Nevertheless, trading volume fell to 1.83 million shares from 2.79 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 14.65, which, if violated, would cause prices to drop to 14.31. In the upper region, resistance lies at 15.35. The next price resistance is at 15.70. RSI (Relative Strength Index) is 61.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.54, which suggests the price will increase in the coming days. Percent R is at 18.95%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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