Geo Group, Inc’s filing revealed that its Executive Chairman ZOLEY GEORGE C acquired Company’s shares for reported $1.23 million on Aug 12 ’24. In the deal valued at $12.33 per share,100,000 shares were bought. As a result of this transaction, ZOLEY GEORGE C now holds 3,900,904 shares worth roughly $56.37 million.
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Then, ZOLEY GEORGE C bought 100,000 shares, generating $1,221,700 in total proceeds. Upon buying the shares at $12.22, the Executive Chairman now owns 3,800,904 shares.
Before that, ZOLEY GEORGE C bought 50,000 shares. Geo Group, Inc shares valued at $616,600 were divested by the Executive Chairman at a price of $12.33 per share. As a result of the transaction, ZOLEY GEORGE C now holds 3,950,904 shares, worth roughly $57.09 million.
Northland Capital initiated its Geo Group, Inc [GEO] rating to an Outperform in a research note published on October 02, 2023; the price target was $14. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in late November from “a Neutral” to “an Outperform”. Wedbush began covering GEO with “Neutral” recommendation on June 08, 2021. Noble Capital Markets started covering the stock on June 29, 2020. It rated GEO as “an Outperform”.
Price Performance Review of GEO
On Friday, Geo Group, Inc [NYSE:GEO] saw its stock fall -4.81% to $14.45. Over the last five days, the stock has lost -4.87%. Geo Group, Inc shares have risen nearly 33.43% since the year began. Nevertheless, the stocks have risen 61.27% over the past one year. While a 52-week high of $18.05 was reached on 07/17/24, a 52-week low of $8.33 was recorded on 01/17/24. SMA at 50 days reached $13.81, while 200 days put it at $13.66.
Levels Of Support And Resistance For GEO Stock
The 24-hour chart illustrates a support level at 14.08, which if violated will result in even more drops to 13.72. On the upside, there is a resistance level at 15.14. A further resistance level may holdings at 15.83. The Relative Strength Index (RSI) on the 14-day chart is 47.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.82%. Stochastics %K at 42.76% indicates the stock is a holding.
How much short interest is there in Geo Group, Inc?
A steep rise in short interest was recorded in Geo Group, Inc stocks on 2024-10-15, dropping by -0.38 million shares to a total of 5.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.89 million shares. There was a decline of -6.92%, which implies that there is a negative sentiment for the stock.
