Trump’s Planned Immigrant Purge Sends Stagnant Private Prison Stocks Soaring

Source: In These Times
by Brett Wilkins

“The chairperson of a leading U.S. private prison corporation last week gushed over the ‘unprecedented opportunity’ presented by the prospect of Republican President-elect Donald Trump delivering on his campaign promise to begin the mass deportation of unauthorized immigrants on his first day in office. As Common Dreams reported, Trump’s campaign confirmed that ​’the largest mass deportation operation of illegal immigrants’ ever is set to start immediately after the former president returns to the White House on January 20. GEO Group stock surged more than 56% from the close of trading on Tuesday, Election Day, to Friday’s closing bell. Competitor CoreCivic shares skyrocketed 57% over the same period. By contrast, GEO Group stock saw just a 21% rise in the three months preceding Election Day. CoreCivic inched up just 11% over the same period.” (11/14/24)

https://inthesetimes.com/article/trump-immigration-purge-private-prison