Could prison companies get a boost from Trump's immigration policies? [CBS News]
CoreCivic, Inc. (CXW)
Last corecivic, inc. earnings: 2/12 04:15 pm
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Source: CBS News
CoreCivic and Geo Group, the two biggest private prison operators in the U.S., both contract with the U.S. Immigration and Customs Enforcement (ICE) to house detained, undocumented migrants. Their stocks soared Wednesday following Trump's election win, with investors betting the companies will see increased profits from a tough-on-immigration administration. CoreCivic, which closed at $13.50 a share on November 5, is trading at $22 a share, while Geo Group, which closed at $15 a share Tuesday, is currently trading at $23.75. "Obviously, investors believe there is going to be a significant increase in opportunity for both of these firms under the Trump administration," Noble Capital Markets analyst Joe Gomes told CBS MoneyWatch. Geo Group executives acknowledged on the company's third-quarter earnings call Thursday that it expects the incoming administration to enact stricter border security policies and that the company stands "ready to provide additional resources to help ICE
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CXW
News
- CoreCivic Announces Promotion of Patrick Swindle to President And Chief Operating Officer [Yahoo! Finance]Yahoo! Finance
- CoreCivic Announces Promotion of Patrick Swindle to President And Chief Operating OfficerGlobeNewswire
- CoreCivic, Inc. (NYSE: CXW) was upgraded by analysts at Wedbush from a "neutral" rating to an "outperform" rating. They now have a $30.00 price target on the stock, up previously from $19.00.MarketBeat
- Jim Cramer on CoreCivic, Inc. (CXW): ‘The Gains Are So Extreme That I Worry They're Running Out Of Upside' [Yahoo! Finance]Yahoo! Finance
- Is CoreCivic Inc. (CXW) The Best Prison and Law Enforcement Stock To Invest In? [Yahoo! Finance]Yahoo! Finance
CXW
Earnings
- 11/6/24 - Miss
CXW
Sec Filings
- 12/20/24 - Form 8-K/A
- 12/16/24 - Form 8-K
- 12/9/24 - Form 4
- CXW's page on the SEC website