RTTNews | Jun 9, 2021 10:52AM EDT

10:52 Wednesday, June 9, 2021 (RTTNews.com) - Shares of the GEO Group Inc. (GEO) are gaining over 40% on Wednesday morning despite no stock-related news to drive the shares.

GEO is currently trading at $8.92, up $2.56 or 40.23%, on the NYSE. The stock has traded between $4.96 - $14.53 in the 52-week period. The company has gained over 55% in the past one month period, paring the earlier declines caused by President Joe Biden's plans to stop using privately operated prison facilities.

GEO Group is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom.

Read the original article on RTTNews ( https://www.rttnews.com/3201184/stock-alert-geo-group-surges-40.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved