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Article

9 Nov 2016

Author:
Hanna Kozlowska Jason Karaian, Quartz

"The first big winners of Donald Trump’s victory are private prison companies, whose stocks are soaring"

Following the election of Donald Trump to US president, shares in the country’s two major private-prison companies soared, presumably banking on a hike in immigration detentions under a Trump administration, and a better climate for privatizing criminal justice.  CoreCivic, formerly known as Corrections Corporation of America (CCA), jumped 34%, while GEO Group rose 18%, as of 10:30am ET Wednesday morning.

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