Geo Group, Inc’s recent filing unveils 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 $103.76 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 $105.09 million.
Noble Capital Markets downgraded its Geo Group, Inc [GEO] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Wedbush also remained covering GEO and has increased its forecast on November 29, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. Wedbush started covering the stock on June 08, 2021. It rated GEO as “a Neutral”.
Price Performance Review of GEO
On Friday, Geo Group, Inc [NYSE:GEO] saw its stock jump 1.92% to $26.60. Over the last five days, the stock has gained 4.89%. Geo Group, Inc shares have risen nearly 145.61% since the year began. Nevertheless, the stocks have risen 179.41% over the past one year. While a 52-week high of $27.88 was reached on 11/11/24, a 52-week low of $9.34 was recorded on 01/17/24. SMA at 50 days reached $15.72, while 200 days put it at $14.24.
Levels Of Support And Resistance For GEO Stock
The 24-hour chart illustrates a support level at 25.83, which if violated will result in even more drops to 25.05. On the upside, there is a resistance level at 27.46. A further resistance level may holdings at 28.31. The Relative Strength Index (RSI) on the 14-day chart is 80.88, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.96%. Stochastics %K at 87.24% indicates the stock is a selling.
How much short interest is there in Geo Group, Inc?
A steep rise in short interest was recorded in Geo Group, Inc stocks on 2024-10-31, growing by 0.13 million shares to a total of 5.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.38 million shares. There was a rise of 2.38%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 29, 2020 when Noble Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $15 price target.
