GEO Group Inc, a private prison operator, saw its stock soar 7.12% on Wednesday, driven by expectations that the incoming Trump administration will usher in tougher immigration policies, potentially boosting demand for the company's detention facilities.
Investors have been closely monitoring signals from the Trump camp regarding potential changes to immigration laws and enforcement measures. With the Republican's inauguration set for Monday, the markets have been positioning for major shifts, particularly in sectors like immigration and border security.
GEO Group's surge reflects the optimism around an anticipated immigration crackdown that could increase the need for private detention centers under Trump's administration. While specific policies remain uncertain, the stock movement underscores how markets are already pricing in the expected changes.
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