オプションチェーンは、CoreCivicの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、CoreCivicの市場センチメントを評価します。.

CoreCivic (NYSE:CXW) 株価情報, オプションチェーン

CoreCivic

CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Community segment owns and operates residential reentry centers. The Properties segment owns properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the CoreCivic Safety segment which consists of correctional and detention facilities that are owned, or controlled via a long-term lease, and managed by the company, as well as those correctional and detention facilities owned by third parties but managed by CoreCivic.

CoreCivic Inc

WIIM

Shares of prison stocks are trading higher following Donald Trump's presidential election victory. Investors may be assessing the potential impact of Trump's policies on the sector.

<h3>Gainers</h3>
<ul>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock moved upwards by 40.7% to $1.23 during Wednesday's regular session. The company's market cap stands at $2.4 million. </li>
<li>GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) stock moved upwards by 35.36% to $20.48. The market value of their outstanding shares is at $2.8 billion. </li>
<li>FREYR Battery (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FREY#NYSE">FREY</a>) shares moved upwards by 33.28% to $1.4. The market value of their outstanding shares is at $195.5 million. As per the press release, Q3 earnings came out today. </li>
<li>CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) stock moved upwards by 30.31% to $17.76. The market value of their outstanding shares is at $1.9 billion. The company's, Q3 earnings came out today. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares increased by 20.7% to $5.13. The company's market cap stands at $15.4 million. </li>
<li>Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) shares moved upwards by 17.68% to $31.28. The market value of their outstanding shares is at $2.4 billion. As per the press release, Q1 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock declined by 39.9% to $7.93 during Wednesday's regular session. The company's market cap stands at $6.0 million. </li>
<li>Vast Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) shares declined by 32.09% to $3.64. The market value of their outstanding shares is at $109.1 million. </li>
<li>Mayville Engineering (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEC#NYSE">MEC</a>) shares declined by 28.07% to $15.69. The company's market cap stands at $323.5 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>TPI Composites (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) shares declined by 27.09% to $2.72. The company's market cap stands at $129.3 million. </li>
<li>Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) stock fell 25.76% to $12.55. The company's market cap stands at $2.8 billion. </li>
<li>Clarivate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLVT#NYSE">CLVT</a>) shares fell 25.04% to $4.94. The market value of their outstanding shares is at $3.5 billion. As per the news, the Q3 earnings report came out today. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

CLVT

ELWS

FREY

SGBX

TPIC

VSTE

ZCAR

12 Industrials Stocks Moving In Wednesday's Intraday Session

Among the biggest winners Wednesday morning are prison stocks Geo Group (NYES: GEO) and CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>), moving positively to the news that Donald Trump won the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
While prison stocks could benefit from Trump back in office and policies to expand private prison and immigration detention centers, past market history shows these stocks fell during Trump's previous four years in the White House.
What Happened: Investors could be feeling déjà vu with prison stocks moving higher after<a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election"> Trump's win Tuesday night.</a>
Geo Group shares opened higher by 19.4% after Trump's win in the 2016 election and CoreCivic shares opened higher by 36.8%
Fast forward to 2024 and Geo Group shares are up 35% on Wednesday and CoreCivic shares are up 28%.
As investors look for sectors and stocks that could benefit from a Trump presidency, the fact that Trump already served four years in the White House could provide historical results on what could happen going forward.
Geo Group shares traded at $16.27 on Election Day 2016. They soared to $26.81 by Trump's inauguration date of Jan. 20, 2017. After that, it was quite the fall for the stock. It went to $9.79 on the day of the 2020 election and $9.01 on the 2021 inauguration date of Jan. 20 for President Joe Biden.
This marked a 39.8% decline from the 2016 election day to the 2020 election day and a 66.4% decline from Trump's inauguration to Biden's inauguration.
CoreCivic shares had a similar fate. The stock traded at $14.33 on Election Day 2016 and soared to $28.32 by Trump's inauguration. After that, the stock fell to $7.64 on the day of the 2020 election and $7.26 on Biden's inauguration.
This marked a 46.7% decline from the 2016 election day to the 2020 election day and a 74.4% decline from Trump's inauguration to Biden's inauguration.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110624">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Geo Group and CoreCivic own and operate correctional, detention and residential reentry centers across the country.
The companies saw their stock rise after the <a href="https://www.benzinga.com/general/politics/24/06/39554227/prison-stocks-gain-after-presidential-debate-winners-regardless-of-trump-or-biden-in-office">first presidential debate</a> between Trump and Biden earlier this year. Immigration remains an urgent topic among the candidates and the electorate nationwide.
Prison stocks have <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38882141/exclusive-andrew-left-shorted-gamestop-here-are-his-3-long-stock-ideas">attracted interest from </a>Citron Research's Andrew Left and "Big Short" investor Michael Burry <a href="https://www.benzinga.com/news/small-cap/23/09/34451235/short-seller-titans-agree-michael-burry-citron-both-like-this-stock">in the past</a>. Investors who normally short stocks see value in the private prison sector and potentially a Trump win.
Based on the results above from Trump's past time in the White House, investors in GEO and CXW stock might want to consider taking profits now or selling around Trump's inauguration in January.
While the stocks could go up more during Trump's next four years in office, there is potential that the gains are already priced in or the same fate could happen from Trump's last time in the White House.
Investors could get an early look at what the company's see happening under a Trump presidency with CoreCivic reporting third-quarter financial results Wednesday after market close and Geo Group reporting Thursday before market open.
Analysts expect CoreCivic to report third-quarter revenue of $469.8 million, down from $483.7 million in last year's third quarter, according to data<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1"> from Benzinga Pro</a>. The company has beaten analyst estimates for revenue in four straight quarters and six of the last eight quarters overall.
Analysts expect Geo Group to report third-quarter revenue of $613.3 million. That&#8217;s up from $602.8 million in last year's third quarter. The company missed second-quarter revenue estimates from analysts, but has beaten analyst estimates in eight of the last nine quarters.
Aramark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARMK#NYSE">ARMK</a>) is another prison-related stock to watch during Trump's return to office. It&#8217;s a company that provides food, training and jobs to people in correctional facilities. 
Aramark stock did not fall as drastically during Trump's time in office. The stock currently trades higher than it did when Trump was in office.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/social-media/24/09/40943414/donald-trump-can-cash-out-his-trump-media-technology-stock-keep-company-control-heres-how-ma">Donald Trump Can Cash Out His Trump Media &amp; Technology Stock, Keep Company Control: Here&#8217;s How Many Shares He Owns</a></li>
</ul>
Image: Shutterstock

Politics

Trading Ideas

ARMK

Prison Stocks Geo Group, CoreCivic Rally On Trump 2024 Election Win: History Shows The Gains May Not Last

U.S. stocks were higher, with the Dow Jones index gaining around 1,300 points on Wednesday.
Shares of Mercury Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCY#NASDAQ">MRCY</a>) rose sharply during Wednesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/quote/MRCY/earnings">quarterly financial results.</a>
Mercury Systems reported quarterly earnings of 4 cents per share which beat the analyst consensus estimate of a loss of 8 cents per share. The company reported quarterly sales of $204.431 million which beat the analyst consensus estimate of $181.772 million.
Mercury Systems shares jumped 16.7% to $39.90 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>The GEO Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) shares jumped 36.2% to $20.60.</li>
<li>CoreCivic, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) shares gained 28.2% to $17.47.</li>
<li>Cytek Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTKB#NASDAQ">CTKB</a>) jumped 28% to $6.96 following upbeat quarterly results.</li>
<li>Treace Medical Concepts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMCI#NASDAQ">TMCI</a>) shares gained 26.3% to $7.22 following strong quarterly results.</li>
<li>United Fire Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFCS#NASDAQ">UFCS</a>) surged 23.3% to $24.58 following upbeat quarterly earnings.</li>
<li>Revolve Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVLV#NYSE">RVLV</a>) gained 19.8% to $31.18 following third-quarter results.</li>
<li>Rayonier Advanced Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAM#NYSE">RYAM</a>) rose 19.8% to $9.75 after posting third-quarter results.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) gained 18.3% to $229.39.</li>
<li>ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) rose 16.6% to $121.35 following quarterly results.</li>
<li>Kennametal Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) gained 16.3% to $30.91 following better-than-expected quarterly earnings.</li>
<li>Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) gained 16.2% to $66.03.</li>
<li>Evercore Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>) rose 15.4% to $313.80.</li>
<li>Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) surged 15.2% to $166.57.</li>
<li>Piper Sandler Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIPR#NASDAQ">PIPR</a>) rose 15.1% to $334.57.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) surged 14.9% to $28.68.</li>
<li>Qualys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) gained 13.6% to $145.65 after the company reported better-than-expected third-quarter financial results and raised its FY24 guidance.</li>
<li>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) gained 12.8% to $187.38.</li>
<li>Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) surged 12.8% to $153.07.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 12.6% to $282.93 following Trump win.</li>
<li>The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) gained 12.4% to $592.23.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) surged 10.7% to $61.26 following strong quarterly revenue.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41744659/jim-cramer-says-he-cant-recommend-this-major-automaker-ceva-is-way-too-high">Jim Cramer Says He Can&#8217;t Recommend This Major Automaker, Ceva Is &#8216;Way Too Hig</a><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41744659/jim-cramer-says-he-cant-recommend-this-major-automaker-ceva-is-way-too-high">h</a>&#8216;</li>
</ul>

News

Intraday Update

Markets

ARCB

COIN

CTKB

HOOD

MRCY

PIPR

QLYS

RVLV

RYAM

STLD

TMCI

TSLA

UFCS

Mercury Systems Posts Strong Results, Joins ArcBest, Tesla, Kennametal, Qualys And Other Big Stocks Moving Higher On Wednesday

<h3>Gainers</h3>
<ul>
<li>GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) stock rose 23.1% to $18.63 during Wednesday's pre-market session. The company's market cap stands at $2.6 billion. </li>
<li>American Rebel Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) shares rose 19.71% to $3.34. The market value of their outstanding shares is at $3.6 million. </li>
<li>CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) shares increased by 19.58% to $16.3. The company's market cap stands at $1.7 billion. As per the press release, Q3 earnings came out today. </li>
<li>Babcock &amp; Wilcox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) shares moved upwards by 19.02% to $2.69. The market value of their outstanding shares is at $248.0 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock moved upwards by 14.7% to $1.0. The market value of their outstanding shares is at $2.0 million. </li>
<li>Mercury Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCY#NASDAQ">MRCY</a>) shares increased by 13.36% to $38.76. The market value of their outstanding shares is at $2.3 billion. As per the press release, Q1 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Vast Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) shares fell 44.0% to $3.0 during Wednesday's pre-market session. The company's market cap stands at $89.9 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock fell 40.91% to $7.8. The company's market cap stands at $5.9 million. </li>
<li>Li-Cycle Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>) shares fell 25.79% to $2.82. The company's market cap stands at $65.4 million. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares declined by 17.76% to $1.39. The market value of their outstanding shares is at $22.5 million. </li>
<li>Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) stock decreased by 16.03% to $14.2. The company's market cap stands at $3.1 billion. </li>
<li>Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) stock decreased by 15.48% to $2.13. The market value of their outstanding shares is at $1.8 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AREB

LICY

PLUG

SPPL

12 Industrials Stocks Moving In Wednesday's Pre-Market Session

Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose sharply in today's pre-market trading over a likely Donald Trump victory in the <a href="https://www.benzinga.com/markets/equities/24/11/41767527/tesla-stock-surges-over-13-in-premarket-what-is-going-on">U.S. Presidential elections</a>.
According to The New York Times, Trump currently has over 95% chance of victory given he already has 267 of the 270 electoral votes needed to win. Tesla CEO Elon Musk endorsed Trump in July and has been actively campaigning for the former President both offline and online. Musk even campaigned for Trump in the swing state of Pennsylvania in October.
Tesla shares rose 14% to $286.57 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>FOXO Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#NYSE">FOXO</a>) gained 117% to $0.2954 in pre-market trading. FOXO Technologies, last month, said its interim CFO wrote to shareholders expectations to build the business over the next 12-24 months and generate more than $50 million a year in revenue.</li>
<li>ARB IOT Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) rose 93.1% to $1.09 in pre-market trading after the company signed a MOU to accelerate AI with advanced server solutions.</li>
<li>The GEO Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) shares surged 30.7% to $19.78 in pre-market trading after gaining around 7% on Tuesday.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) gained 26.6% to $42.98 in pre-market trading.</li>
<li>DatChat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) climbed 25.8% to $2.25 in pre-market trading.</li>
<li>Qualys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) shares rose 22.4% to $156.96 in pre-market trading after the company reported better-than-expected third-quarter financial results, raised its FY24 guidance, and issued fourth-quarter revenue guidance above estimates.</li>
<li>Destiny Tech100 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NASDAQ">DXYZ</a>) gained 22.4% to $14.20 in pre-market trading after gaining 6% on Tuesday.</li>
<li>CoreCivic, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) gained 21.1% to $16.50 in pre-market trading. CoreCivic will release its third quarter financial results after the closing bell on Wednesday, Nov. 6.</li>
<li>Phunware, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) gained 19.6% to $7.62 in pre-market trading after declining around 8% on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Vast Renewables Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) shares tumbled 55.8% to $2.37 in pre-market trading after dipping more than 20% on Tuesday.</li>
<li>Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares fell 42.5% to $7.56 in pre-market trading after the company announced the pricing of $9.15 million private placement.</li>
<li>Li-Cycle Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>) dipped 27.6% to $2.75 in pre-market trading. Li-Cycle to host third quarter earnings conference call/webcast on Thursday, Nov. 7.</li>
<li>Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) shares fell 27% to $52.20 in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Simpple Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) declined 27% to $1.23 in pre-market trading. Simpple shares jumped 43% on Tuesday after the company announced its plan to regain NASDAQ compliance.</li>
<li>Bluejay Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJDX#NASDAQ">BJDX</a>) shares dipped 25.9% to $0.1015 in pre-market trading after gaining 88% on Tuesday.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) fell 24.3% to $20.97 in pre-market trading after the company lowered its financial outlook. The company expects to report first-quarter revenue of $5.9 billion to $6 billion, down from its previous guidance range of $6 billion to $7 billion. The company anticipates adjusted earnings of 75 cents to 76 cents per share, versus its previous guidance of 67 cents to 83 cents per share.</li>
<li>Bionomics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNOX#NASDAQ">BNOX</a>) fell 22.8% to $0.3806 in pre-market trading. Bionomics shares jumped 157% on Tuesday after the company announced it secured an AUS$1 million milestone payment from Carina Biotech for its BNC101 oncology program, with the potential to earn up to AUS$118 million.</li>
<li>Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) fell 20.8% to $1.86 in today's pre-market trading.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) fell 20.1% to $5.64 in pre-market trading after gaining 8% on Tuesday.</li>
</ul>
Now Read This:
<ul>
<li> <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41744659/jim-cramer-says-he-cant-recommend-this-major-automaker-ceva-is-way-too-high">Jim Cramer Says He Can&#8217;t Recommend This Major Automaker, Ceva Is &#8216;Way Too High&#8217;</a></li>
</ul>

Pre-Market Outlook

ARBB

BJDX

BNOX

DATS

DXYZ

EXAS

FOXO

GEVO

NOVA

PHUN

SMCI

Why Tesla Shares Are Trading Higher By Around 14%; Here Are 20 Stocks Moving Premarket

Wedbush analyst Jay McCanless reiterates CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) with a Neutral and maintains $14 price target.

Price Target

Reiteration

Analyst Ratings

Wedbush Reiterates Neutral on CoreCivic, Maintains $14 Price Target

Shares of prison stocks are trading lower following last night's presidential debate.

DOJ Opens Investigation Into Tennessee Prison Operated By CoreCivic

Anthony Grande, EVP at CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>), disclosed an insider sell on August 15, according to a recent SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001070985/000095017024097596//Archives/edgar/data/1070985/000095017024097596/0000950170-24-097596-index.htm">U.S. Securities and Exchange Commission</a> on Thursday outlined that Grande executed a sale of 15,000 shares of CoreCivic with a total value of $192,450.
Tracking the Friday's morning session, CoreCivic shares are trading at $12.78, showing a down of 0.0%.
<h3>About CoreCivic</h3>
CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Community segment owns and operates residential reentry centers. The Properties segment owns properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the CoreCivic Safety segment which consists of correctional and detention facilities that are owned, or controlled via a long-term lease, and managed by the company, as well as those correctional and detention facilities owned by third parties but managed by CoreCivic.
<h3>CoreCivic's Economic Impact: An Analysis</h3>
Revenue Growth: CoreCivic's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 5.7%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company shows a low gross margin of 23.34%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, CoreCivic exhibits below-average bottom-line performance with a current EPS of 0.17.
</li>
</ul>
Debt Management: CoreCivic's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.7.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 21.3 is lower than the industry average, implying a discounted valuation for CoreCivic's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.74, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 8.09, CoreCivic presents an attractive value opportunity.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001070985">Check Out The Full List Of CoreCivic's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

CoreCivic Recent Insider Activity

A substantial insider sell was reported on August 14, by David Churchill, Chief Human Resources at CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>), based on the recent SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001070985/000095017024097128//Archives/edgar/data/1070985/000095017024097128/0000950170-24-097128-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday outlined that Churchill executed a sale of 35,000 shares of CoreCivic with a total value of $441,700.
The latest update on Thursday morning shows CoreCivic shares up by 0.54%, trading at $12.96.
<h3>Delving into CoreCivic's Background</h3>
CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Community segment owns and operates residential reentry centers. The Properties segment owns properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the CoreCivic Safety segment which consists of correctional and detention facilities that are owned, or controlled via a long-term lease, and managed by the company, as well as those correctional and detention facilities owned by third parties but managed by CoreCivic.
<h3>Understanding the Numbers: CoreCivic's Finances</h3>
Revenue Growth: Over the 3 months period, CoreCivic showcased positive performance, achieving a revenue growth rate of 5.7% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 23.34%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): CoreCivic's EPS reflects a decline, falling below the industry average with a current EPS of 0.17.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.7, CoreCivic adopts a prudent financial strategy, indicating a balanced approach to debt management.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 21.48 is lower than the industry average, implying a discounted valuation for CoreCivic's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.75 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): CoreCivic's EV/EBITDA ratio at 8.13 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Navigating the Impact of Insider Transactions on Investments</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001070985">Check Out The Full List Of CoreCivic's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Unloading: David Churchill Sells $441K Worth Of CoreCivic Shares

A substantial insider sell was reported on August 14, by Damon Hininger, President &amp; CEO at CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>), based on the recent SEC filing.
What Happened: After conducting a thorough analysis, Hininger sold 31,996 shares of CoreCivic. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001070985/000095017024097139//Archives/edgar/data/1070985/000095017024097139/0000950170-24-097139-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total transaction value is $399,950.
Monitoring the market, CoreCivic's shares up by 0.54% at $12.96 during Thursday's morning.
<h3>Get to Know CoreCivic Better</h3>
CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Community segment owns and operates residential reentry centers. The Properties segment owns properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the CoreCivic Safety segment which consists of correctional and detention facilities that are owned, or controlled via a long-term lease, and managed by the company, as well as those correctional and detention facilities owned by third parties but managed by CoreCivic.
<h3>Breaking Down CoreCivic's Financial Performance</h3>
Revenue Growth: CoreCivic displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 5.7%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 23.34%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): CoreCivic's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.17.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.7, CoreCivic adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 21.48 is lower than the industry average, implying a discounted valuation for CoreCivic's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.75 is lower than the industry average, implying a discounted valuation for CoreCivic's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 8.13 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001070985">Check Out The Full List Of CoreCivic's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

President & CEO Of CoreCivic Sold $399K In Stock

CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) has been analyzed by 3 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $14.0, a high estimate of $14.00, and a low estimate of $14.00. This current average has decreased by 10.66% from the previous average price target of $15.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1723233648_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A clear picture of CoreCivic's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$19.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to CoreCivic. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of CoreCivic compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of CoreCivic's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CXW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on CoreCivic analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About CoreCivic</h2>
CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Community segment owns and operates residential reentry centers. The Properties segment owns properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the CoreCivic Safety segment which consists of correctional and detention facilities that are owned, or controlled via a long-term lease, and managed by the company, as well as those correctional and detention facilities owned by third parties but managed by CoreCivic.
<h3>CoreCivic: Financial Performance Dissected</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Challenges: CoreCivic's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -2.11%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: CoreCivic's net margin is impressive, surpassing industry averages. With a net margin of 3.87%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): CoreCivic's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 1.31%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.64%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.7.
<h2>Analyst Ratings: Simplified</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For CoreCivic's Future

CoreCivic previously withdrew its financial&nbsp;guidance&nbsp;during the&nbsp;second quarter&nbsp;of 2024. Based on current business conditions, it is providing the following financial&nbsp;guidance&nbsp;for the full year 2024:
<table align="center">
<tbody>
<tr>
<td>Guidance
			Full Year 2024</td>
</tr>
<tr>
<td>&bull; Net income</td>
<td>$42.0 million&nbsp;to&nbsp;$50.4 million</td>
</tr>
<tr>
<td>&bull;&nbsp;Adjusted Net Income</td>
<td>$65.6 million&nbsp;to&nbsp;$73.6 million</td>
</tr>
<tr>
<td>&bull;&nbsp;Diluted EPS</td>
<td>$0.37&nbsp;to&nbsp;$0.45</td>
</tr>
<tr>
<td>&bull;&nbsp;Adjusted Diluted EPS</td>
<td>$0.58&nbsp;to&nbsp;$0.66</td>
</tr>
<tr>
<td>&bull;&nbsp;FFO per diluted share</td>
<td>$1.28&nbsp;to&nbsp;$1.36</td>
</tr>
<tr>
<td>&bull;&nbsp;Normalized FFO per diluted share</td>
<td>$1.48&nbsp;to&nbsp;$1.56</td>
</tr>
<tr>
<td>&bull;&nbsp;EBITDA</td>
<td>$268.0 million&nbsp;to&nbsp;$274.6 million</td>
</tr>
<tr>
<td>&bull;&nbsp;Adjusted EBITDA</td>
<td>$302.4 million&nbsp;to&nbsp;$308.4 million</td>
</tr>
</tbody>
</table>

Guidance

CoreCivic Expects FY24 Normalized FFO Per share Of $1.48 - $1.56, Est $1.32

CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) reported quarterly Normalized FFO of $0.42 per share which beat the analyst consensus estimate of $0.35 by 20 percent. This is a 27.27 percent increase over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $490.109 million which beat the analyst consensus estimate of $481.869 million by 1.71 percent. This is a 5.70 percent increase over sales of $463.682 million the same period last year.

Earnings

Earnings Beats

CoreCivic Q2 2024 Normalized FFO $0.42 Beats $0.35 Estimate, Sales $490.109M Beat $481.869M Estimate

POWW

SPWH

SWBI

Shares of prison and firearm stocks are trading higher following the attempted assassination of Donald Trump, which has lifted stocks that could benefit from a Trump presidency on Monday.

Jones Trading analyst Jason Weaver initiates coverage on CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) with a Hold rating.

Initiation

Jones Trading Initiates Coverage On CoreCivic with Hold Rating

The stock market is reacting to the first 2024 presidential debate and prison stocks could be the winner based on what was said by the<a href="https://www.benzinga.com/news/24/06/39543594/biden-vs-trump-flash-poll-picks-debate-winner-but-over-one-third-of-voters-doubt-his-ability-to-lead"> two candidates Thursday night.</a>
What Happened: A public company co-founded by former President Donald Trump <a href="https://www.benzinga.com/general/social-media/24/06/39490695/trump-media-technology-group-in-focus-for-2024-presidential-debate-will-publicly-traded-comp">was in the spotlight</a> during the week heading into the election, but it may have to take a back seat to a new investment idea for the 2024 election.
Shares of Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) were up 13% in premarket trading Friday before falling and trading in the red by midday. The stock surged by double digits last week as investors saw it as a prime opportunity to gain exposure to Trump.
While the Trump-connected social media stock couldn't hold its gains after the debate, two prison stocks were enjoying a lift the morning after the debate.
The Geo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) and CoreCivic Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) are up 4% and 3% respectively at the time of writing.
The prison stocks are trading higher after immigration and the border were among the most talked about topics during the 2024 presidential debate.
<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38882141/exclusive-andrew-left-shorted-gamestop-here-are-his-3-long-stock-ideas">Benzinga recently highlighted</a> The Geo Group as one of the stocks recommended by Citron Research's Andrew Left. While Left is best known for his short calls, including betting against GameStop, he has been a bull of The Geo Group for some time.
"Definitely think the stock's going to $30," Left recently said.
Left said he started writing about the private prison company when it was $8 a share. "They do the job that no one wants to do."
He noted that the company handles immigration detention centers and prisons, and has government contracts in place.
According to Left, the Biden administration&#8217;s efforts to eliminate private prisons initially devastated the stock. However, with the news cycle now heavily focused on the migrant crisis, Left believes this presents the perfect setup for the company and its stock to rebound.
Along with Left, "Big Short" investor Michael Burry has<a href="https://www.benzinga.com/news/small-cap/23/09/34451235/short-seller-titans-agree-michael-burry-citron-both-like-this-stock"> also been bullish</a> on The Geo Group.
Related Link: <a href="https://www.benzinga.com/general/politics/24/06/39538536/trump-vs-biden-2024-presidential-candidates-tied-ahead-of-first-debate-abortion-hits-high-for-be">Trump Vs. Biden: 2024 Presidential Candidates Tied Ahead Of First Debate, Abortion Hits High For Being &#8216;Very Important&#8217; To Voters</a>
Why It's Important: While many voters and investors were eager to hear the candidates discuss topics like cryptocurrency, cannabis, and artificial intelligence, none of these issues received significant attention during the debate.
A <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39534741/presidential-debate-goes-interactive-drinking-game-bingo-prediction-contest-for-2024-elect">drinking game</a> by the New York Post highlighted that Trump mentioned migrant crime twice during the debate, while the border was referenced 15 times overall. For comparison, Russia, which was anticipated to be a major topic, was mentioned 13 times.
Immigration is becoming one of the biggest topics for voters in the 2024 election. A recent Morning Consult poll of nationally registered voters revealed that 65% of voters consider immigration to be &#8220;very important&#8221; to their vote in the 2024 election, up from 50% who said the same in November 2022.
While Trump is known for his tough comments on immigration, President Joe Biden recently announced new restrictions on asylum for people who cross the southern border illegally.
The Geo Group and CoreCivic shares could be trading higher based on Trump being the perceived winner of the first 2024 presidential debate, but based on immigration taking center stage, prison stocks may be able to enjoy gains going forward with either candidate in the White House in 2025.
A planned second presidential debate could see immigration take center stage again, and both candidates are likely to use the topic on the campaign trail.
 GEO, CVX Price Action: The Geo Group shares are up 4% to $14.11 on Friday, versus a 52-week trading range of $6.94 to $16.31.
CoreCivic shares are up 3% to $12.65 on Friday, versus a 52-week trading range of $9.06 to $16.54.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/24/03/37833506/supreme-court-upholds-texas-border-enforcement-law-two-prison-stocks-react">Supreme Court Upholds Texas Border Enforcement Law: Two Prison Stocks React</a></li>
</ul>
Photo: Shutterstock

Prison Stocks Gain After Presidential Debate: Winners Regardless Of Trump Or Biden In Office?

Analysts fell to the sidelines weighing in on Forward Air (FWRD – Research Report), CoreCivic (CXW – Research Report) and AMMO (POWW – Research Rep...

Analysts Offer Insights on Industrial Goods Companies: Forward Air (FWRD), CoreCivic (CXW) and AMMO (POWW)

CoreCivic shares slip on Justice Department investigation of Tennessee prison

Warning: CXW is at high risk of performing badly

CoreCivic: Political Uncertainty Leads To Ratings Downgrade

In a report released today, Henry Coffey from Wedbush reiterated a Hold rating on CoreCivic (CXW – Research Report), with a price target of $14.00....

Wedbush Keeps Their Hold Rating on CoreCivic (CXW)

2 REITs With Huge Upside Potential

'The Big Short' Michael Burry Buys Real Estate And Chinese Tech

CoreCivic (CXW) is up 30.3%, or $4.12 to $17.75. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial ne...

CoreCivic rises 30.3%

CoreCivic (CXW) is up 26.0%, or $3.55 to $17.18. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial ne...

CoreCivic rises 26.0%

What To Buy On A Trump Win

AFRM

BABA

BABAF

BAIDF

BIDU

BSQKZ

DDCCF

FNMA

FNMAG

FNMAH

FNMAI

FNMAJ

FNMAK

FNMAL

FNMAM

FNMAN

FNMAO

FNMAP

FNMAS

FNMAT

FNMFM

FNMFN

FNMFO

FWRD

JDCMF

MSTR

PYPL

THWWW

UNIT

CoreCivic Announces Upsizing and Pricing of $500 Million 8.25% Senior Notes Due 2029 | CXW Stock News

Management

Press Releases

CoreCivic Appoints Catherine Hernandez-Blades and Alexander R. Fischer to its Board of Directors; CoreCivic Also Announces Planned Retirement of Long-Term Board Member Donna Alvarado

CoreCivic Announces Closing of Offering of $500 Million of 8.250% Senior Notes Due 2029 and Expiration and Results of Tender Offer for 2026 Notes

CoreCivic to Redeem 8.250% Senior Notes Due 2026

CoreCivic Announces 2024 First Quarter Earnings Release and Conference Call Dates

CoreCivic Reports First Quarter 2024 Financial Results

Contracts

General

CoreCivic Receives Termination Notice From U.S. Immigration and Customs Enforcement At South Texas Family Residential Center

CoreCivic Announces 2024 Second Quarter Earnings Release and Conference Call Dates

CoreCivic Reports Second Quarter 2024 Financial Results

CoreCivic Announces 2024 Third Quarter Earnings Release and Conference Call Dates

Comments

CoreCivic

CoreCivic (CXW) オプション

CoreCivic (NYSE:CXW) 株価情報, オプションチェーン

ニュース

パートナーシップ

ベンジンガ・グローバル