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TaskUs, ePlus, GEO Group, Rogers, and CoreCivic Shares Are Soaring, What You Need To Know

StockStory - StockStory - Mon Mar 23, 11:56AM CDT
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What Happened?

A number of stocks jumped in the afternoon session after oil prices fell sharply following reports of de-escalating tensions between the U.S. and Iran. 

The positive market sentiment came after President Trump announced that the U.S. has had "very good and productive conversations" with Iran, sparking hopes for an end to the conflict. This news sent the price for a barrel of Brent crude, a key international benchmark, plunging. Companies with significant fuel expenses, such as airlines and cruise operators, were among the day's biggest winners. Fuel is one of the largest operating costs for these industries, so a sustained drop in oil prices can significantly improve their profit margins. Illustrating the trend, shares of American Airlines and United Airlines climbed around 4.9% and 4.5% respectively, while Norwegian Cruise Line Holdings surged 7.9%.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Zooming In On Rogers (ROG)

Rogers’s shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 17 days ago when the stock dropped 5.1% on the news that a dismal February jobs report revealed an unexpected drop in employment, fueling concerns about the health of the economy. 

The U.S. Bureau of Labor Statistics reported a loss of 92,000 nonfarm payroll jobs, a stark contrast to economists' forecasts which had anticipated a gain. The unemployment rate also edged up to 4.4%. Adding to the bleak picture, employment data for December and January was revised down by a combined 69,000, suggesting the labor market was weaker than previously understood. This report, described by an analyst as a "knock-down blow," indicates that economic weakness is widespread, with job losses occurring in nearly every sector. Such data can signal a potential economic slowdown, which typically leads to lower corporate earnings and reduced consumer spending, rattling investor confidence across the market.

Rogers is up 10.1% since the beginning of the year, but at $101.30 per share, it is still trading 9.5% below its 52-week high of $111.91 from March 2026. Despite the year-to-date gain, investors who bought $1,000 worth of Rogers’s shares 5 years ago would now be looking at only $560.66.

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