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Benzinga
Benzinga
Business
Henry Khederian

FORGOTTEN HISTORY: Private prison stocks geo group geo and corecivic cxw surge after new executive order - Caught on Camera

GEO CoreCivic CXW GEO Group Prison Executive Order Donald Trump
Private prisons

Shares of major private prison operators GEO Group Inc (NYSE:GEO) and CoreCivic Inc (NYSE:CXW) are trading higher Friday afternoon. The rally follows a new executive order signed by President Donald Trump on Thursday aimed at addressing crime and homelessness, which investors see as a potential boon for the companies.

What To Know: GEO Group is a company that invests in and operates private prisons and mental health facilities, with U.S. federal agencies making up a substantial portion of its revenue.

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