Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Geo Group, Inc. shares valued at $1,232,700 were purchased by ZOLEY GEORGE C on Aug 12 ’24. At $12.33 per share, ZOLEY GEORGE C acquired 100,000 shares. The insider’s holdings grew to 3,900,904 shares worth approximately $59.64 million following the completion of this transaction.
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Also, ZOLEY GEORGE C purchased 100,000 shares, netting a total of over 1,221,700 in proceeds. Following the buying of shares at $12.22 each, the insider now holds 3,800,904 shares.
Before that, ZOLEY GEORGE C had added 50,000 shares to its account. In a trade valued at $616,600, the Executive Chairman bought Geo Group, Inc. shares for $12.33 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $60.41 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 0.66%. Over the course of the year, Geo Group, Inc. shares have jumped approximately 41.18%. Nevertheless, trading volume fell to 2.21 million shares from 1.34 million shares the previous day.
Support And Resistance Levels for Geo Group, Inc. (GEO)
RSI (Relative Strength Index) is 70.73 on the 14-day chart, showing overbought technical sentiment.
