The market has been neutral on The GEO Group Inc (GEO) stock recently. GEO gets a Neutral score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With GEO Stock Today?
The GEO Group Inc (GEO) stock is trading at $7.15 as of 10:48 AM on Monday, Jun 14, a drop of -$0.25, or -3.38% from the previous closing price of $7.40. The stock has traded between $6.98 and $7.36 so far today. Volume today is low. So far 1,992,368 shares have traded compared to average volume of 11,345,534 shares.
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More About The GEO Group Inc
The GEO Group Inc. is a real estate investment trust specializing in detention facilities and community-reentry centers. The company leases and oversees secure detention centers, rehabilitation and reentry facilities, and service centers for troubled youth. The GEO Group also provides counseling, education, drug abuse treatment, technology-based supervision programs, and detainee transportation. The majority of revenue comes from leasing and managing U.S. corrections and detention facilities. The GEO Group also operates in Australia, South Africa, and the United Kingdom.
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