‘Jail stocks’ CoreCivic, GEO Group jump 80% in US post Trump’s win

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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