Geo Group Inc (The) (GEO) has risen sharply, recording gains of 14.05% in the past 4 weeks. However, the stock has corrected -5.3% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 14.67% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.73% and the 50-Day Moving Average is 11.05%.The 200 Day SMA reached 18.78%
Geo Group Inc (The) (NYSE:GEO): After opening at $23.84, the stock dipped to an intraday low of $23.63 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $24.09 and the buying power remained strong till the end. The stock closed at $23.78 for the day, a gain of 2.19% for the day session. The total traded volume was 971,644. The stocks close on the previous trading day was $23.78.
Geo Group Inc (The) (GEO) : The highest level Geo Group Inc (The) (GEO) is projected to reach is $38 for the short term and the lowest estimate is at $32. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $35 and the possibility the share price can swing is $4.24.
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.