Private Prison Stocks Take Big Hit As Biden Closes In On Victory
Private prison stocks Corecivic Inc (NYSE: CXW ) and The GEO Group Inc (NYSE: GEO ) took a big hit on Wednesday and Thursday as Democrat Joe Biden's victory in the U.S. presidential election looked increasingly likely. Prison stocks were some of the biggest winners following Donald Trump’s election victory back in 2016, but investors believe a Biden presidency could put the future of the industry at risk. Biden On Prisons: A Biden administration pledges to “stop corporations from profiteering off of incarceration,” according to the candidate's campaign website . “Biden will end the federal government’s use of private prisons, building off an Obama-Biden Administration’s policy rescinded by … Full story available on Benzinga.com
Private Prison Stocks Take Big Hit As Biden Closes In On Victory
Private prison stocks Corecivic Inc (NYSE: CXW ) and The GEO Group Inc (NYSE: GEO ) took a big hit on Wednesday and Thursday as Democrat Joe Biden's victory in the U.S. presidential election looked increasingly likely. Prison stocks were some of the biggest winners following Donald Trump’s election victory back in 2016, but investors believe a Biden presidency could put the future of the industry at risk. Biden On Prisons: A Biden administration pledges to “stop corporations from profiteering off of incarceration,” according to the candidate's campaign website . “Biden will end the federal government’s use of private prisons, building off an Obama-Biden Administration’s policy rescinded by … Full story available on Benzinga.com