Prison operator Geo falls after Harris-Trump debate

Corecivic

11/09/2024 12:54

** Shares of prison operator GEO Group  GEO.N  down 5.6% at
$12.7 premarket
    ** Stock set for the worst day in over three months, if
losses hold
    ** Peer CoreCivic  CXW.N  was down 1.4% in thin volumes 
    ** Betting markets shifted in favor of Democrat Kamala
Harris after Tuesday's presidential debate
    ** Republican Donald Trump has promised to crack down on
illegal immigration if elected, which would benefit prison
operators 
    ** As of Tuesday's close, GEO up 24.1% YTD

 (Reporting by Pranav Kashyap in Bengaluru)
 ((Pranav.Kashyap@thomsonreuters.com; +919886482111;))