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Private Prison Stocks Soar After Trump Win on Deportation Plans

Stock prices for private prison companies CoreCivic and Geo Group surged by 29% and 42%, respectively, after Trump’s election victory.
Trump has promised to initiate the largest deportation in U.S. History as president-elect.
The ACLU reports that the private prison industry benefited from over a 50% expansion in the federal immigration detention system during the Trump administration.

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Benzinga

Center

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

Prison stocks could benefit from Donald Trump's return to the White House. Past history shows that the gains could be short lived.

5 months ago·New York, United States

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Raw Story

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'Someone's got to run the deportation camps': Prison stocks soar as Trump agenda unfolds

Several private prison stocks have been skyrocketing since Donald Trump won the 2024 presidential election. Trump has vowed mass deportations, and his campaign spokesperson on Wednesday said "millions" would be deported on day one."One HUGE winner from Trump's win: Private prison companies GEO Group Inc. and CoreCivic Inc.," observed Bloomberg News reporter Steven Dennis on Wednesday. "Their stocks, which could benefit from Trump's plans for rou…

5 months ago·United States

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Alternet

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'Someone’s got to run the deportation camps': Prison stocks soar as Trump agenda unfolds

Several private prison stocks have been skyrocketing since Donald Trump won the 2024 presidential election. Trump has vowed mass deportations, and his campaign spokesperson on Wednesday said “millions” would be deported on day one.“One HUGE winner from Trump’s win: Private prison companies GEO Group Inc. and CoreCivic Inc.,” observed Bloomberg News reporter Steven Dennis on Wednesday. “Their stocks, which could benefit from Trump’s plans for rou…

5 months ago·Washington, United States

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The New Civil Rights Movement

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'Someone's Got to Run the Deportation Camps': Prison Stocks Soar as Trump Agenda Unfolds

Several private prison stocks have been skyrocketing since Donald Trump won the 2024 presidential election. Trump has vowed mass deportations, and his campaign spokesperson on Wednesday said “millions” would be deported on day one. “One HUGE winner from Trump’s win: Private prison companies GEO Group Inc. and CoreCivic Inc.,” observed Bloomberg News reporter Steven Dennis on Wednesday. “Their stocks, which could benefit from Trump’s plans for ro…

5 months ago

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DNyuz

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Could prison companies get a boost from Trump’s immigration policies?

The Trump administration could be a boon for business for private prison companies in the U.S. if the president-elect delivers on his promise to crack down on illegal immigration. CoreCivic and Geo Group, the two biggest private prison operators in the U.S., both contract with the U.S. Immigration and Customs Enforcement (ICE) to house detained, undocumented migrants. Their stocks soared Wednesday following Trump’s election win, with investors …

5 months ago

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