에 대한 최신 뉴스 CoreCivic (NYSE:CXW) 주식

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.

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파산 블록 미국의 교도소 의료 서비스 제공업체인 웰패스 홀딩스(Wellpath Holdings Inc.)는 파산 신청을 준비 중이다. H.I.G. 캐피털 소유 테네시주 내슈빌에 본사를 둔 이 회사는 부채와 인건비 문제로 어려움을 겪고 있다. 대출 기관들과의 유예 계약을 포함한 노력에도 불구하고 재정적 부담은 지속되었다.

딜 디스패치: 선거 이후 교도소 회사들에 초점, 트립어드바이저는 11억 달러 현금 보유 등

Politics

Movers

Trading Ideas

미국 주식 시장은 2024년 첫 대선 토론회에 반응하고 있으며 목요일 밤 두 후보의 발언에 따르면 선건 결과에 상관없이 교도소 주식이 승자가 될 수 있다는 전망이 나왔다. 무슨 일이 (What Happened): 도널드 트럼프 전 대통령이 공동 설립한 한 상장 기업은 선거를 앞둔 주 동안 주목을 받았지만, 2024년 선거를 위한 새로운 투자 아이디어에는 뒷전으로 물러나야 할 수도 있다.

미 대선 토론 후 민간 교도소 주식 상승: 누가 당선되어도 상승 가능한 주식

CoreCivic Inc

DAVID GARFINKLE, EVP &amp; Chief Financial Officer at CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>), disclosed an insider sell on November 12, according to a recent SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001070985/000095017024125574//Archives/edgar/data/1070985/000095017024125574/0000950170-24-125574-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, GARFINKLE sold 50,000 shares of CoreCivic. The total transaction value is $1,210,000.
The latest market snapshot at Wednesday morning reveals CoreCivic shares up by 0.09%, trading at $22.15.
<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>Financial Insights: CoreCivic</h3>
Positive Revenue Trend: Examining CoreCivic's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.62% as of 30 September, 2024, showcasing a substantial increase 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.
Interpreting Earnings Metrics:
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Gross Margin: The company shows a low gross margin of 24.56%, suggesting potential challenges in cost control and profitability compared to its peers.
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Earnings per Share (EPS): With an EPS below industry norms, CoreCivic exhibits below-average bottom-line performance with a current EPS of 0.19.
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Debt Management: CoreCivic's debt-to-equity ratio is below the industry average at 0.67, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Metrics: A Closer Look
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Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 32.54 is lower than the industry average, indicating potential undervaluation for the stock.
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Price to Sales (P/S) Ratio: The Price to Sales ratio is 1.26, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
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EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a lower-than-industry-average EV/EBITDA ratio of 11.04, CoreCivic presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
</li>
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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.
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<h3>Why Insider Transactions Are Important</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Unlocking the Meaning of Transaction Codes</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>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

EVP & Chief Financial Officer Of CoreCivic Makes $1.21M Sale

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 class="wp-block-heading">Bankruptcy Block</h3>
Wellpath Holdings Inc., a major provider of healthcare services to jails across the U.S., is preparing <a href="https://www.benzinga.com/topic/bankruptcy">to file for bankruptcy</a>. 
Owned by H.I.G. Capital, the Nashville, Tenn.-based company has struggled with debt and labor costs. Despite efforts, including a forbearance agreement with lenders, financial strains have persisted. 
This move comes as prison stocks Geo Group (NYES: GEO) and CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) moved positively to the news that Donald Trump won <a href="https://www.benzinga.com/general/politics/24/11/41779902/prison-stocks-geo-group-corecivic-rally-on-trump-2024-election-win-history-shows-the-gains-may-n">the 2024 presidential election</a>.
Meanwhile, Toronto-based Slang Worldwide Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/SLNG#CSE">SLNG</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SLGWF#OTCQB">SLGWF</a>) is entering receivership in Colorado and declared bankruptcy in Canada. Unable to repay amounts owed under its credit agreement, which matures on Nov. 15, 2024, Slang will likely dispose of or sell its assets <a href="https://www.benzinga.com/markets/cannabis/24/11/41778383/another-one-bites-the-dust-slang-worldwide-files-for-bankruptcy-due-to-inability-to-pay-debt">through a receivership process</a>.
<h3 class="wp-block-heading">New On The Block</h3>
Tripadvisor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) is currently exploring &#8220;strategic alternatives,&#8221; which is corporate jargon for a sale. According <a href="https://uk.finance.yahoo.com/news/q3-2024-tripadvisor-inc-earnings-133036809.html">to </a>CFO Mike Noonan, the company ended Q3 with $1.1 billion in cash. Should a firm make an offer, it would have to woo Liberty Media, which owns about 21% of Tripadvisor common stock — an approximate 57% voting interest.
KKR &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) wants to sell its stake in JB Chemicals &amp; Pharmaceuticals Ltd. via a block trade in the market, <a href="https://www.bloomberg.com/news/articles/2024-11-06/kkr-is-said-to-consider-selling-750-million-stake-in-jb-pharma">per</a> Bloomberg. The private equity firm is working with an investment bank as it considers selling about $750 million worth of stock in the Indian-listed company. The size of the deal could jump to $1 billion depending on demand.
See Also: <a href="https://www.benzinga.com/news/24/11/41698607/kamala-harris-ready-if-trump-decides-to-falsely-declare-victory-we-are-prepared-to-respond">Harris &#8216;Ready&#8217; If Trump Decides To &#8216;Falsely&#8217; Declare Victory: &#8216;We Are Prepared To Respond&#8217;</a>
<h3 class="wp-block-heading">Off The Block</h3>
Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>) has agreed to sell its 33.3% stake in the Jellinbah Group to Zashvin for $1.1 billion. Per the plan laid out <a href="https://www.benzinga.com/news/large-cap/24/05/38826363/anglo-american-expedites-plan-to-divest-de-beers-other-assets-after-rebuffing-bhp-takeover-bid" target="_blank" rel="noreferrer noopener">earlier this year</a>, the company is focusing on <a href="https://www.benzinga.com/topic/copper" target="_blank" rel="noreferrer noopener">copper</a>, iron ore, and crop nutrients. The joint venture holds a 70% interest in two major metallurgical coal mines in Queensland: Jellinbah East and Lake Vermont. Anglo did not operate these mines <a href="https://www.benzinga.com/news/large-cap/24/11/41739206/anglo-american-offloads-1-1-billion-coal-stake-proceeds-with-restructuring">nor market their output</a>.
Blackstone agreed to buy Retail Opportunity Investments Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>), a U.S. shopping mall owner. The Stephen A. Schwarzman-run private equity firm valued the real estate investment trust at <a href="https://www.benzinga.com/markets/24/11/41803407/is-blackstone-finalizing-a-deal-to-acquire-one-of-americas-largest-retail-reits">around $4 billion, including debt</a>.
Air Transport Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) is going private. Investment firm Stonepeak is acquiring the aircraft lessor for $3.1 billion, including debt.
<h3 class="wp-block-heading">Updates From The Block</h3>
Nippon Steel Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) remains optimistic about finalizing its $14.1 billion acquisition of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) by the end of the year. The Japanese company is navigating opposition from unions and the Biden administration, while also facing potential hurdles from the recent election of Donald Trump, who <a href="https://www.benzinga.com/m-a/24/11/41806893/nippon-steel-remains-confident-in-14b-us-steel-deal-despite-trumps-resistance-there-can-be-construct">plans to block the deal</a>.
Brookfield launched a sale process for Aveo, a Sydney-based retirement home operator, in June. The Australian reports that the $3-billion company will likely not get sold until 2025. 
<h3 class="wp-block-heading">Notes From The Block</h3>
Jim Cramer expressed optimism about a resurgence in M&amp;A with <a href="https://www.benzinga.com/24/11/41857971/trumps-win-sends-wall-street-to-record-highs-small-caps-tesla-outperform-fed-cuts-interest-rates-this-week-in-the-market">the incoming Trump administration</a>. Cramer predicts a more lenient approach to M&amp;A approvals compared to the previous administration, which was known for its stringent antitrust scrutiny. The &#8220;Mad Money&#8221; host also highlighted that the regional banking sector could significantly benefit from increased M&amp;A activity, allowing banks to grow by acquiring smaller entities or merging to <a href="https://www.benzinga.com/m-a/24/11/41805370/jim-cramer-hopes-m-a-to-come-back-bigly-under-trump-administration">form larger "super regionals.&#8221;</a>
For last week&#8217;s column, <a href="https://www.benzinga.com/m-a/24/11/41700829/deal-dispatch-tgi-fridays-goes-bankrupt-bhp-backtracks-comments-and-more-m-a-news">click here.</a>
Now Read: 
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<li><a href="https://www.benzinga.com/markets/equities/24/11/41699259/nvidia-rides-ai-wave-to-replace-intel-on-dow-jones-industrial-average-ending-its-25-year-run">Nvidia Rides AI Wave To Replace Intel On Dow Jones Industrial Average, Ending Its 25-Year Run</a></li>
</ul>

Deal Dispatch: Prison Companies In Focus Post-Election, Tripadvisor Boasts $11B In Cash

Northland Capital Markets analyst Greg Gibas maintains CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) with a Outperform and raises the price target from $17 to $32.

Price Target

Analyst Ratings

Northland Capital Markets Maintains Outperform on CoreCivic, Raises Price Target to $32

CoreCivic shares are trading higher after Jones Trading upgraded the stock from Hold to Buy.

Jones Trading analyst Jason Weaver upgrades CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) from Hold to Buy and announces $28 price target.

Upgrades

Jones Trading Upgrades CoreCivic to Buy, Announces $28 Price Target

CoreCivic shares are trading higher after the company reported better-than-expected Q3 financial results and issued FY24 FFO guidance above estimates.

<h3>Gainers</h3>
<ul>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) shares rose 168.3% to $0.26 during Thursday's regular session. The company's market cap stands at $8.2 million. </li>
<li>Wilhelmina International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLM#NASDAQ">WHLM</a>) shares rose 39.84% to $4.6. The company's market cap stands at $23.7 million. </li>
<li>CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) shares increased by 25.71% to $22.1. The market value of their outstanding shares is at $2.4 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Eshallgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>) stock rose 25.31% to $3.77. The market value of their outstanding shares is at $81.9 million. </li>
<li>Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) stock moved upwards by 23.61% to $17.8. The market value of their outstanding shares is at $7.3 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) stock increased by 23.15% to $7.5. The company's market cap stands at $22.6 million. </li>
</ul>
<h3>Losers</h3>
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<li>Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) shares declined by 39.5% to $1.2 during Thursday's regular session. The company's market cap stands at $7.6 million. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares fell 19.9% to $1.09. The company's market cap stands at $17.6 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock declined by 16.25% to $0.67. The market value of their outstanding shares is at $9.9 million. </li>
<li>Franklin Covey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) stock declined by 15.75% to $37.15. The market value of their outstanding shares is at $486.4 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Kelly Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KELYA#NASDAQ">KELYA</a>) stock fell 15.67% to $18.77. The market value of their outstanding shares is at $666.5 million. As per the press release, Q3 earnings came out today. </li>
<li>TTEC Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEC#NASDAQ">TTEC</a>) stock fell 14.37% to $4.65. The market value of their outstanding shares is at $221.9 million. As per the press release, Q3 earnings came out yesterday. 
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.

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12 Industrials Stocks Moving In Thursday's Intraday Session

Guidance

CoreCivic Sees FY24 Normalized FFO $1.59-$1.65 Vs $1.31 Est.; Net Income $55.5M-$61.5M

CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.33 by 30.3 percent. The company reported quarterly sales of $491.600 million which beat the analyst consensus estimate of $469.830 million by 4.63 percent. This is a 1.63 percent increase over sales of $483.705 million the same period last year.

Earnings

Earnings Beats

CoreCivic Q3 2024 FFO $0.43 Beats $0.33 Estimate, Sales $491.600M Beat $469.830M Estimate

<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.

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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?
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<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: 
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<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

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>

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

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.

Reiteration

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.
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<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.

CoreCivic Recent Insider Activity

CoreCivic, Inc. (CXW) Q3 2024 Earnings Call Transcript

Northland raised the firm's price target on CoreCivic (CXW) to $32 from $17 and keeps an Outperform rating on the shares after the company reported...

CoreCivic price target raised to $32 from $17 at Northland

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AMZN

ANRO

ARKK

ASTS

BEPC

CTRE

CWEN

GOEV

HASI

HIMS

IIPR

LASE

LAZR

MARA

MULN

PSNY

PSNYW

RCAT

RDDT

ROOT

SCHD

SGOV

SILA

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

CoreCivic Reports Third Quarter 2024 Financial Results

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<h3 class="wp-block-heading">파산 블록</h3>
미국의 교도소 의료 서비스 제공업체인 웰패스 홀딩스(Wellpath Holdings Inc.)는 <a href="https://www.benzinga.com/topic/bankruptcy">파산 신청</a>을 준비 중이다.
H.I.G. 캐피털 소유 테네시주 내슈빌에 본사를 둔 이 회사는 부채와 인건비 문제로 어려움을 겪고 있다. 대출 기관들과의 유예 계약을 포함한 노력에도 불구하고 재정적 부담은 지속되었다.
이 소식은 교도소 관련 주식인 지오 그룹(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>)과 코어시빅(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>)가 도널드 트럼프가 <a href="https://www.benzinga.com/general/politics/24/11/41779902/prison-stocks-geo-group-corecivic-rally-on-trump-2024-election-win-history-shows-the-gains-may-n">2024년 대통령 선거에서 승리했다는 소식</a>에 긍정적으로 반응한 상황과 겹쳐 발생했다.
한편, 토론토에 본사를 둔 슬랭 월드와이드(CSE:<a class="ticker" href="https://www.benzinga.com/stock/SLNG#CSE">SLNG</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SLGWF#OTCQB">SLGWF</a>)는 콜로라도에서 수탁 관리에 들어가고 캐나다에서 파산을 선언했습니다. 2024년 11월 15일 만기인 신용 계약에 따른 채무를 상환할 수 없어, 슬랭은 자산을 <a href="https://www.benzinga.com/markets/cannabis/24/11/41778383/another-one-bites-the-dust-slang-worldwide-files-for-bankruptcy-due-to-inability-to-pay-debt">수탁 관리 절차를 통해 처분하거나 매각할</a> 가능성이 높다.
<h3 class="wp-block-heading">새로 등장한 블록</h3>
트립어드바이저(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>)는 현재 &#8220;전략적 대안&#8221; 탐색 중이다. 이는 매각을 의미하는 기업 용어이다. CFO 마이크 누난(Mike Noonan)에 <a href="https://uk.finance.yahoo.com/news/q3-2024-tripadvisor-inc-earnings-133036809.html">따르면</a>, 회사는 3분기 말에 11억 달러의 현금을 보유하고 있었다. 만약 어떤 회사가 제안을 한다면, 리버티 미디어에게 매력을 어필해야 하는데, 리버티 미디어는 트립어드바이저의 보통주 약 21%와 의결권 약 57%를 보유하고 있다.
KKR &amp; 컴퍼니(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>)는 JB 케미컬스 &amp; 파마슈티컬스(JB Chemicals &amp; Pharmaceuticals Ltd)에 대한 지분을 시장에서 블록 거래를 통해 매각할 계획이다. <a href="https://www.bloomberg.com/news/articles/2024-11-06/kkr-is-said-to-consider-selling-750-million-stake-in-jb-pharma">블룸버그에 따르면</a>, 이 사모 펀드 회사는 인도 상장 회사의 주식 약 7억 5천만 달러어치를 매각하는 방안을 한 투자은행과 협의 중이다. 수요에 따라 거래 규모는 10억 달러로 증가할 수 있다.
참고: <a href="https://www.benzinga.com/news/24/11/41698607/kamala-harris-ready-if-trump-decides-to-falsely-declare-victory-we-are-prepared-to-respond">트럼프가 &#8216;잘못된&#8217; 승리 선언을 할 경우 해리스 &#8216;준비 완료&#8217;</a>
<h3 class="wp-block-heading">블록에서 제외된 내용</h3>
앵글로 아메리칸(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>)은 젤린바 그룹(Jellinbah Group)의 33.3% 지분을 자슈빈(Zashvin)에게 11억 달러에 매각하기로 합의했다. <a href="https://www.benzinga.com/news/large-cap/24/05/38826363/anglo-american-expedites-plan-to-divest-de-beers-other-assets-after-rebuffing-bhp-takeover-bid" target="_blank" rel="noreferrer noopener">올해 초 계획에 따르면</a>, 이 회사는 <a href="https://www.benzinga.com/topic/copper" target="_blank" rel="noreferrer noopener">구리</a>, 철광석 및 농업 영양소에 집중하고 있다. 이 조인트 벤처는 퀸즐랜드의 두 주요 제철 석탄 광산인 젤린바 이스트(Jellinbah East)와 레이크 버몬트(Lake Vermont)에 70%의 지분을 보유하고 있다. 앵글로는 이 광산들을 운영하지 않았고 <a href="https://www.benzinga.com/news/large-cap/24/11/41739206/anglo-american-offloads-1-1-billion-coal-stake-proceeds-with-restructuring">생산물을 마케팅</a>하지도 않았다.
블랙스톤(Blackstone)은 미국 쇼핑몰 소유기업인 리테일 오퍼튜니티 인베스트먼트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>)를 인수하기로 합의했다. 스티븐 A. 슈와르츠먼이 운영하는 이 사모펀드는 이 부동산 투자 신탁의 가치를 <a href="https://www.benzinga.com/markets/24/11/41803407/is-blackstone-finalizing-a-deal-to-acquire-one-of-americas-largest-retail-reits">부채 포함 약 40억 달러로 평가</a>했다.
에어 트랜스포트 서비스 그룹(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>)는 민영화된다. 투자 회사 스톤피크(Stonepeak)은 이 항공기 임대업체를 부채 포함 31억 달러에 인수 중이다.
<h3 class="wp-block-heading">블록의 업데이트</h3>
일본제철(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>)은 US 스틸(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>)에 대한 141억 달러 규모의 인수를 연말까지 마무리할 것이라고 긍정적으로 보고 있다. 이 일본 회사는 노조와 바이든 행정부의 반대에 직면해 있으며, 도널드 트럼프가 <a href="https://www.benzinga.com/m-a/24/11/41806893/nippon-steel-remains-confident-in-14b-us-steel-deal-despite-trumps-resistance-there-can-be-construct">거래를 차단할 계획</a>인 최근 선거 결과로 인해 잠재적인 장애물에 직면해 있다.
브룩필드(Brookfield)는 호주 시드니에 본사를 둔 노인 요양 시설 운영업체 아베오(Aveo)의 매각 절차를 6월에 시작했다. 호주 언론에 따르면 이 30억 달러 규모의 회사는 2025년까지 매각되지 않을 것으로 보인다.
<h3 class="wp-block-heading">블록에서의 주의 사항</h3>
짐 크레이머는 <a href="https://www.benzinga.com/24/11/41857971/trumps-win-sends-wall-street-to-record-highs-small-caps-tesla-outperform-fed-cuts-interest-rates-this-week-in-the-market">트럼프 행정부의 출범</a>와 함께 M&amp;A가 재부흥할 것이라고 낙관했다. 크레이머는 이전 행정부가 엄격한 독점 금지 심사로 유명했던 것에 비해 M&amp;A 승인에 대한 보다 관대한 접근을 예측했다. 이 &#8220;매드 머니(Mad Money)&#8221; 진행자는 또한 지역 은행 부문이 M&amp;A 활동 증가로 인해 상당한 혜택을 볼 수 있을 것이라고 강조했다. 이는 은행들이 더 작은 기관을 인수하거나 합병하여 <a href="https://www.benzinga.com/m-a/24/11/41805370/jim-cramer-hopes-m-a-to-come-back-bigly-under-trump-administration">더 큰 &#8216;슈퍼 리저널&#8217; 은행을 형성할 수</a> 있게 한다.
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미국 주식 시장은 2024년 첫 대선 토론회에 반응하고 있으며 <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" target="_blank" rel="noopener" data-google-interstitial="false">목요일 밤 두 후보</a>의 발언에 따르면 선건 결과에 상관없이 교도소 주식이 승자가 될 수 있다는 전망이 나왔다.
무슨 일이 (What Happened): 도널드 트럼프 전 대통령이 공동 설립한 한 상장 기업은 선거를 앞둔 주 동안 <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" target="_blank" rel="noopener" data-google-interstitial="false">주목을 받았지만</a>, 2024년 선거를 위한 새로운 투자 아이디어에는 뒷전으로 물러나야 할 수도 있다.
트럼프 미디어 앤 테크놀로지 그룹(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)의 주가는 금요일 개장 전 거래(프리마켓)에서 13% 상승한 뒤 하락해 오후가 되면서 상승폭을 반납하고 10.84% 하락한 32.75달러에 막마했다. 이 후 시간외 거래에서 1.50% 반등했다. 투자자들이 트럼프에 노출될 수 있는 최고의 기회로 여기면서 주가는 지난주 두 자릿수 급등했다.
트럼프 관련 이 소셜 미디어 주식은 토론 후 상승세를 유지하지 못한 반면, 두 교도소 주식은 토론 후 큰 폭으로 상승했다.
지오 그룹(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>)의 주식은 금요일 6.29% 상승한 14.36달러에 그리고 코어시빅(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>)의 주식 가격은 6.05% 상승한 12.98달러에 마감했다.
이들 교도소 주식이 상승하는 이유는 이민과 국경 문제가 2024년 대선 토론회에서 가장 많이 언급된 주제이기 때문이다.
<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</a>는 최근 시트론 리서치(Citron Research)의 앤드류 레프트(Andrew Left)가 추천하는 주식 중 하나로 지오 그룹(The Geo Group)을 강조했다. 레프트는 게이스탑에 대한 공매도 베팅으로 가장 잘 알려져 있지만, 한동안 지오 그룹의 강세론자 역할을 해왔다.
레프트는 최근 &#8220;주가가 30달러까지 오를 것이라고 확실히 생각한다&#8221;라고 말했다.
레프트는 주당 8달러 이었을 때부터 이 민간 교도소 회사에 대해 글을 쓰기 시작했다고 말했다. &#8220;그들은 누구도 하고 싶어하지 않는 일을 한다.&#8221;
그는 이 회사가 이민 구금 센터와 교도소를 관리하고 있으며 정부 계약을 맺고 있다고 언급했다.
레프트에 의하면 바이든 정부의 민간 교도소 철폐에 관한 뉴스로 인해 이 회사의 주식은 초기에는 크게 하락했다고 한다. 그러나 이민 문제가 현재 뉴스 사이클의 많은 부분을 차지하고 있는 상황에서 레프트는 이것이 이 회사와 주가 반등을 위한 완벽한 준비를 제시한다고 믿고 있다.
레프트와 함께 &#8216;빅 쇼트(Big Short)&#8217; 투자자인 마이클 버리(Michael Burry)도 지오 그룹(The Geo Group)에 대해 <a href="https://www.benzinga.com/news/small-cap/23/09/34451235/short-seller-titans-agree-michael-burry-citron-both-like-this-stock" target="_blank" rel="noopener">낙관적</a>이었다.
중요성 (Why It&#8217;s Important): 많은 유권자와 투자자들이 후보자들이 암호화폐, 대마초, 인공 지능과 같은 주제에 대해 토론하는 것을 듣고 싶어했지만 토론 중에 이러한 문제 중 어느 것도 큰 관심을 받지 못했다.
뉴욕 포스트(New York Post)의 <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39534741/presidential-debate-goes-interactive-drinking-game-bingo-prediction-contest-for-2024-elect" target="_blank" rel="noopener">드링킹 게임</a>은 트럼프가 토론 중에 이민자 범죄를 두 번 언급한 반면 국경은 전체적으로 15번 언급되었다는 점을 강조했다. 이에 비해 주요 화두가 될 것으로 예상됐던 러시아는 13차례나 언급됐다.
2024년 대선에 있어서 이민 문제는 유권자들에게 있어서 가장 중요한 주제 중 하나로 자리잡고 있는 것으로 보인다. 전국적으로 등록된 유권자들을 대상으로 한 최근 모닝 컨설트(Morning Consult)의 여론 조사에 따르면 유권자의 65%가 이민이 2024년 선거에서 자신의 투표에 &#8220;매우 중요&#8221;하다고 생각하는 것으로 나타났다. 이는 2022년 11월의 50%보다 증가한 수치이다.
트럼프는 이민에 대해 강경한 발언으로 유명하지만, 조 바이든 대통령은 최근 불법적으로 남부 국경을 넘는 사람들에 대한 망명에 대한 새로운 제한을 발표했다.
지오 그룹과 코어시빅 주식은 트럼프가 2024년 첫 대선 토론회에서 승자로 인식됨에 따라 더 상승할 수 있다. 그러나 이민이 중심이 되는 상황에 따라 교도소 주식은 두 후보 중 누가 2025년 백악관에 가더라도 앞으로 이익을 누릴 수 있을 수 있다.
계획된 두 번째 대선 토론에서는 이민이 다시 중심 무대에 오르는 것을 볼 수 있으며 두 후보 모두 캠페인 과정에서 이 주제를 사용할 가능성이 높다.
GEO, CVX 주가 움직임: 지오 그룹의 주식은 금요일 시장 마감 후 시간외 거래에서 2.02% 하락한 14.07달러를 기록했다. 이 주식의 52주 변동폭은 6.94달러에서 16.31달러이다.
코어시빅의 주식은 금요일 시간외 거래에서 0.15% 상승한 13.00달러를 기록했다. 이 주식의 52주 변동폭은 9.06달러에서 16.54달러이다.
참고 자료
<ul>
<li><a href="https://www.benzinga.com/government/24/03/37833506/supreme-court-upholds-texas-border-enforcement-law-two-prison-stocks-react">연방 대법원, 텍사스 국경 집행법 지지: 두 교도소 주식의 반응</a></li>
</ul>
Photo: Shutterstock

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