GEO Group's Wild Ride: ICE Contract Boosts Stock
Update: 2025-10-01
Description
GEO Group's stock jumps after its subsidiary, BI Incorporated, secures a major contract with ICE for electronic monitoring and case management services, signaling potential stability amidst market volatility. Despite a recent boost, GEO's stock remains down 23% year-to-date, highlighting the company's reliance on government contracts and sensitivity to economic shifts, but a five year investment would still be up almost 90%.
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