GEO

Insider Buying Week 08-16-24 Party On!

by

The market just posted its best week of the year as investors seemed to grasp that the Federal Reserve’s known rate cuts trumped the unknowns from either Presidential candidate, plus whatever Iran had in mind as payback would not be sufficient to risk the devastation wrought by an Israeli strike bolstered by the U.S. Defense Department. Party on! We have also tracked a noticeable pickup in insider buying, mostly in obscure names but something is better than nothing. This weeks highlights include: Name: Thomas C ERB Position: Director Transaction Date: 2024-08-13 Shares Bought: 2,000 Average Price Paid: $112.94 Cost: $225,880 … Read more

Insider Buying week 6-18-21

by

For trade, details click on this link to the trades  All the talking heads made fools of themselves last week.  Powel said the economy was doing great; the Dow plummeted, its worst week since October of last year. The market marched in lockstep, giving up on the cyclical recovery trade, hammering banks, energy, material sectors, and lifted the neglected technology growth sector. The Fed said they got it that inflation was running hotter than they thought, and they might tweak interest rates higher a wee bit sooner.  Instead of interest rates going up, long-term interest rates plummeted, and the yield … Read more

A Few Insider Buys in some Beleaguered Stocks Week Ending May 9th 2020

by

Private prison operator GEO Geo Group CEO Anthony Quinn continues to buy stock in this out of favor REIT play yielding an astounding 16.7% on Friday’s close. In the most recent 10Q the Company stated that Covid-19 pandemic adds a material concern to the financials. I think the stock reflects that with its yield. On March 24th they were rewarded  with a five year 90-100,000 participant contract with U.S. immigration services.  This $2.8 million purchase at $11.31 is the latest in large buys. He bought $1.2 Million on 3/12 at $11.65 and $8.5 million at $16.58 on 2-24-20. The stock … Read more

What were insiders buying during this historic market sell-off?

by

This was a week like none other- well, that’s not quite correct, a week like only 4 others in terms of market losses since 1945.  The Coronavirus put the stock market into intensive care. It remains to be seen if the general population follows it into the sick ward. The Dow  closed Friday, 357 points, or 1.4%, lower, on its seventh day in the red. At its worst, the index was down nearly 1,086 points. It dropped 3,583 points this week, including its worst one-day point drop in history on Thursday. On a percentage basis, Thursday’s 4.4% slump was the worst performance since … Read more