US prison operators surge as Trump elected US president

Geo

06/11/2024 10:57

** 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;))