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Fly News Breaks for March 17, 2017
GEO, CXW
Mar 17, 2017 | 07:26 EDT
SunTrust analyst Tobey Sommers says that the Trump administration's budget proposals that affect CoreCivic (CXW) and Geo Group (GEO) are "better to in-line" with his previous expectations. Specifically, the analyst says that the proposed funding increase of $1.5B for immigration detention capacity is sufficient to achieve the upper end of his estimate of a 10,000-20,000 bed increase. If the government does meet the upper end of the range, all privately owned capacity could be utilized in 2018, wrote the analyst.
News For CXW;GEO From the Last 2 Days
GEO
Apr 19, 2024 | 15:56 EDT
Bearish flow noted in GEO Group with 14,883 puts trading, or 5x expected. Most active are 5/3 weekly 13.5 puts and Apr-24 15 puts, with total volume in those strikes near 9,300 contracts. The Put/Call Ratio is 8.29, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 7th.
