GEO Group Sees Options Trading Volume of 8,968 Contracts, 52% of Daily Average
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Active Options Trading: GEO Group's options trading volume reached 8,968 contracts, equivalent to approximately 896,800 shares, representing 52% of its average daily trading volume over the past month, indicating a significant increase in investor interest in the stock.
- High Strike Options Activity: Today, the $30 strike call option saw a trading volume of 4,010 contracts, representing about 401,000 shares, suggesting a growing market expectation for GEO's stock price to rise in the future.
- Annaly Capital Management Dynamics: In parallel, Annaly Capital Management recorded an options trading volume of 45,714 contracts, approximately 4.6 million shares, accounting for 51.9% of its average daily trading volume over the past month, reflecting strong market activity for the company’s stock.
- High Strike Call Options: The $24.50 strike call option for Annaly traded 25,217 contracts, representing around 2.5 million shares, indicating optimistic investor sentiment regarding its future performance, which could influence its stock price trajectory.
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Analyst Views on GEO
Wall Street analysts forecast GEO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GEO is 34.00 USD with a low forecast of 30.00 USD and a high forecast of 37.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 16.050
Low
30.00
Averages
34.00
High
37.00
Current: 16.050
Low
30.00
Averages
34.00
High
37.00
About GEO
The GEO Group, Inc. is a diversified government service provider. The Company specializes in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. The Company’s U.S. Secure Services segment primarily encompasses the United Sates-based secure services business. Its Electronic Monitoring and Supervision Services segment represents technology and services provided to adults for monitoring services for community-based parolees, probationers, and pretrial defendants. Its Reentry Services segment represents evidence-based supervision and treatment programs provided to adults for residential and non-residential treatment, educational and community-based programs, pre-release and half-way house programs. Its International Services segment primarily consists of secure services operations in South Africa and Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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