Geo Group, Inc’s recent filing unveils 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 $2.54 million.
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 $137.9 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 3.97% to $35.35. Over the last five days, the stock has gained 14.25%. Geo Group, Inc shares have risen nearly 26.34% since the year began. Nevertheless, the stocks have risen 237.95% over the past one year. While a 52-week high of $34.85 was reached on 01/17/25, a 52-week low of $10.46 was recorded on 01/02/25. SMA at 50 days reached $27.93, while 200 days put it at $17.58.
Levels Of Support And Resistance For GEO Stock
The 24-hour chart illustrates a support level at 34.37, which if violated will result in even more drops to 33.38. On the upside, there is a resistance level at 35.98. A further resistance level may holdings at 36.60. The Relative Strength Index (RSI) on the 14-day chart is 79.86, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.28%. Stochastics %K at 93.77% 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 2024-12-31, dropping by -0.62 million shares to a total of 9.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 10.6 million shares. There was a decline of -6.26%, which implies that there is a negative 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.
