Geo Group Inc (GEO): Richard H Glanton , director of Geo Group Inc sold 1,440 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $33.12 per share for a total value of $47,685.60 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, George C Zoley (Chairman & CEO) sold 9,297 shares at $32.33 per share price.On May 4, 2016, J David Donahue (SVP-Corrections & Detention) sold 2,750 shares at $32.00 per share price.Also, On Mar 7, 2016, Richard H Glanton (director) sold 1,375 shares at $30.19 per share price.On Dec 11, 2015, Christopher C. Wheeler (director) sold 2,500 shares at $28.23 per share price.
The GEO Group Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in The GEO Group Inc which led to swings in the share price. The shares opened for trading at $32.95 and hit $33.17 on the upside , eventually ending the session at $33.02, with a gain of 0.55% or 0.18 points. The heightened volatility saw the trading volume jump to 2,75,240 shares. The 52-week high of the share price is $38.78 and the company has a market cap of $2,476 M . The 52-week low of the share price is at $25.52.
The GEO Group Inc. is a real estate investment trust (REIT) which specializes in the ownership leasing and management of correctional detention and re-entry facilities and the provision of community-based services and youth services in the United States Australia South Africa and the United Kingdom. The Company operates in four segments: U.S. Corrections & Detention segment which encompasses its United States-based privatized corrections and detention business; GEO Care segment encompasses its United States-based privatized corrections and detention business youth services business and electronic monitoring and supervision service; International Services segment which consists of its privatized corrections and detention operations in South Africa Australia and the United Kingdom and Facility Construction & Design segment which contracts with various states local and federal agencies as well as international agencies for the design and construction of facilities.