Geo Group, Inc’s filing revealed that its EVP, CAO and Controller Brack Ronald A. unloaded Company’s shares for reported $0.14 million on Dec 09 ’24. In the deal valued at $28.28 per share,5,000 shares were sold. As a result of this transaction, Brack Ronald A. now holds 71,978 shares worth roughly $2.02 million.
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Then, Brack Ronald A. bought 5,000 shares, generating $141,400 in total proceeds.
Before that, ZOLEY GEORGE C bought 100,000 shares. Geo Group, Inc shares valued at $1,232,700 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 3,900,904 shares, worth roughly $109.26 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 Monday, Geo Group, Inc [NYSE:GEO] saw its stock jump 1.82% to $28.01. Over the last five days, the stock has gained 1.01%. Geo Group, Inc shares have risen nearly 158.63% since the year began. Nevertheless, the stocks have risen 152.34% over the past one year. While a 52-week high of $29.86 was reached on 12/05/24, a 52-week low of $10.46 was recorded on 01/17/24. SMA at 50 days reached $23.16, while 200 days put it at $16.25.
Levels Of Support And Resistance For GEO Stock
The 24-hour chart illustrates a support level at 27.14, which if violated will result in even more drops to 26.28. On the upside, there is a resistance level at 28.88. A further resistance level may holdings at 29.75. The Relative Strength Index (RSI) on the 14-day chart is 58.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.13%. Stochastics %K at 49.63% 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 2024-11-29, growing by 5.09 million shares to a total of 10.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.51 million shares. There was a rise of 47.99%, 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.
