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Bag Shares of GEO 5.2% Cheaper Than the CEO Did

By Market News Video Staff, Tuesday, November 22, 2:28 PM ET
Play Video: One Reason For Insiders to Buy


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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 11, GEO Group, Inc.'s CEO, George C Zoley, invested $38,227.64 into 2,200 shares of GEO, for a cost per share of $17.38. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Tuesday, bargain hunters could buy shares of GEO Group, Inc. (NYSE:GEO) and achieve a cost basis 5.2% cheaper than Zoley, with shares changing hands as low as $16.47 per share. GEO Group, Inc. shares are currently trading up about 1.7% on the day. The chart below shows the one year performance of GEO shares, versus its 200 day moving average:

GEO Group, Inc. Chart

Looking at the chart above, GEO's low point in its 52 week range is $16.40 per share, with $26.95 as the 52 week high point that compares with a last trade of $16.84. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/11/2011 George C Zoley Chairman & CEO 2,200 $17.38 $38,227.64

According to the ETF Finder at ETF Channel, GEO makes up 1.60% of the S&P SmallCap Industrials Portfolio ETF (NASDAQ:PSCI) which is trading lower by about 0.3% on the day Tuesday.

See what other ETFs contain GEO
See what other stocks are held by PSCI

GEO operates in the Business Services & Equipment sector, among companies like Priceline.com, Inc. (NASDAQ:PCLN) which is up about 0.9% today, and MasterCard Inc (NYSE:MA) trading up by about 1.2%. Below is a three month price history chart comparing the stock performance of GEO, versus PCLN and MA.

GEO,PCLN,MA Relative Performance Chart


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