BUZZ-US prison operators surge as Trump elected US president

Reuters

Nov 06, 2024

** Shares of U.S. prison operators surge in premarket trading after Republican Donald Trump is elected U.S. president

** Trump recaptures the White House by securing more than the 270 Electoral College votes needed to win the presidency, Edison Research projects

** Geo Group GEO.N jumps 25.8%, while CoreCivic CXW.N rises 24.5% premarket

** Trump has promised to crack down on illegal immigration if elected for a second term, which would benefit prison operators

** GEO set to open at more than a five-year high, and CXW set to open at more than a four-year high, if gains hold

** As of last close, GEO up ~39%, CXW down ~6% YTD

(Reporting by Ragini Mathur)

((Ragini.Mathur@thomsonreuters.com;))

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at more than a four-year high, if gains hold ** As of last close, GEO up ~39%, CXW down ~6% YTD  (Reporting by Ragini Mathur) ((Ragini.Mathur@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}