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home / news releases / GEO - Geo Group stock continues climb reaching highest level since February

GEO - Geo Group stock continues climb reaching highest level since February

Geo Group Inc REIT
Geo Group (GEO) stock jumps 31% in premarket trading to $8.36, its highest level since mid-February.Since May 26, the stock has climbed 24%, closing at $6.36 on Tuesday. On June 1, the owner and operator of private prison and detention centers made a move to improve corporate governance by splitting the role of chairman and CEO.George Zoley, currently chairman and CEO, will become executive chairman and board member Jose Gordo will become CEO as of July 1.Yesterday, Wedbush picked up coverage of GEO with a Neutral rating.Early this year, GEO and peer CoreCivic stocks came under pressure on President Biden's plan to scale back the use of private prisons.See why SA contributor Romil Patel takes a bullish view on GEO.

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Geo Group stock continues climb, reaching highest level since February
Stock Information
Company Name: Geo Group Inc REIT
Stock Symbol: GEO
Market: NYSE
Website: geogroup.com
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