Geo Group and CoreCivic move guidance in opposite directions, a day after both prison stocks soared
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GEO Group and CoreCivic, both prison operators, adjusted their guidance in opposite directions following a surge in their stock prices. This surge was driven by expectations of increased immigrant detentions under the incoming Trump administration.
November 07, 2024 | 3:15 pm
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GEO Group adjusted its guidance following a stock surge due to expectations of increased immigrant detentions under the Trump administration.
GEO Group's stock surged due to anticipated policy changes under Trump, leading to increased immigrant detentions. The guidance adjustment reflects market expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
CoreCivic adjusted its guidance in the opposite direction of GEO Group after a stock surge driven by expectations of Trump's immigration policies.
CoreCivic's stock surged alongside GEO Group due to similar expectations of policy changes. However, its guidance adjustment was in the opposite direction, indicating different internal assessments.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80