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'Jail stocks' CoreCivic, GEO Group jump 80% in US post Trump's win
short by Debaroti Adhikary / on Tuesday, 12 November, 2024
Shares of US-listed companies CoreCivic and GEO Group, known as 'Jail stocks' for investing in private prisons, have jumped over 80% since Donald Trump won US Presidential elections on November 5. GEO Group shares rose 87% since November 4 closing, while CoreCivic shares rallied 82%. This comes amid expectations of mass detention and deportation of immigrants as promised by Trump.
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