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 $108.48 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 $109.87 million.
As published in a research note from Noble Capital Markets on November 11, 2024, Geo Group, Inc [GEO] has been rated down from an Outperform to a Market perform. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of November 29, 2022, Wedbush has increased its “Neutral” rating to a “an Outperform” for GEO. Earlier on June 08, 2021, Wedbush initiated its rating. Their recommendation was “a Neutral” for GEO stock.
Analyzing GEO Stock Performance
During the last five days, there has been a surge of approximately 9.19%. Over the course of the year, Geo Group, Inc shares have jumped approximately 156.79%. Shares of the company reached a 52-week high of $28.60 on 11/20/24 and a 52-week low of $10.46 on 01/17/24. A 50-day SMA is recorded $16.58, while a 200-day SMA reached $14.48. Nevertheless, trading volume fell to 2.37 million shares from 4.09 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 27.15, which, if violated, would cause prices to drop to 26.50. In the upper region, resistance lies at 28.53. The next price resistance is at 29.26. RSI (Relative Strength Index) is 78.73 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.15, which suggests the price will increase in the coming days. Percent R is at 5.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
