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CoreCivic, GEO Group stocks rise as Trump revokes Biden orders


Published on 2025-01-21 13:41:08 - MSN
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  • Shares of private prison operators CoreCivic (NYSE:CXW) and GEO Group saw an uptick in the market, with CoreCivic climbing 2.3% and GEO Group inching up 0.5%. The movement comes in response to President Donald Trump's recent executive actions on immigration,

The article from MSN discusses the recent surge in stock prices for CoreCivic and GEO Group, two major private prison companies, following former President Donald Trump's announcement to revoke several Biden administration executive orders. These orders had aimed to phase out the use of private prisons for federal inmates. Trump's decision to reverse these policies has led investors to anticipate a potential increase in demand for private prison services, thereby boosting the companies' stock values. The article highlights the political and economic implications of this move, noting that while Trump's actions are seen as supportive of the private prison industry, they have also reignited debates over the ethics and effectiveness of privatized incarceration.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/corecivic-geo-group-stocks-rise-as-trump-revokes-biden-orders/ar-AA1xAOLN ]