CoreCivic and Geo Group, which also run migrant detention centers, are having one of the best weeks since Trump's win in November 2016. The post Why These Two Prison Stocks Soared Around 80% This Week appeared first on Investor's Business Daily.
CNBC's Eamon Javers joins 'The Exchange' to report on prison stocks moving higher since Trump's victory, in part based on his deportation plan.
CoreCivic, Inc. (NYSE:CXW ) Q3 2024 Earnings Conference Call November 7, 2024 9:30 AM ET Company Participants Mike Grant - Managing Director of Investor Relations Damon Hininger - President and Chief Executive Officer David Garfinkle - Chief Financial Officer Conference Call Participants Jason Weaver - JonesTrading M. Marin - Zacks Investment Research, Inc. Brian Violino - Wedbush Securities Joe Gomes - Noble Capital Markets Greg Gibas - Northland Securities Kirk Ludtke - Imperial Capital, LLC Ben Briggs - StoneX Financial Operator Thank you for standing by.
Prison operators GEO Group and CoreCivic moved their guidance in opposition directions on Thursday, after both companies' stock had surged in anticipation of higher immigrant detentions by President-elect Donald Trump's administration.
Among the biggest winners Wednesday morning are prison stocks Geo Group GEO and CoreCivic CXW, moving positively to the news that Donald Trump won the 2024 presidential election.
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CoreCivic, Inc. (NYSE:CXW ) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Mike Grant β Managing Director of Investor Relations Damon Hininger β President and Chief Executive Officer David Garfinkle β Chief Financial Officer Conference Call Participants Joe Gomes β Noble Capital Jason Weaver β JonesTrading Brian Violino β Wedbush Ben Briggs β StoneX Financial Edwin Groshans β Compass Point M. Marin β Zacks Operator Good day and thank you for standing by.
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The prison company said it is suspending its financial guidance for 2024.
In a startling turn of events, CoreCivic Inc (NYSE:CXW) finds itself grappling with a significant downturn. On Tuesday, the stock plummeted over 20% in pre-market trading.
CoreCivic (NYSE: CXW ) stock is falling on Tuesday after the detention center company revealed that the U.S. government has ended a contract with it. CoreCivic notes that the U.S. government has terminated its contract for the South Texas Family Residential Center in Dilley, Texas.