UNDERNEWS: Private prison stock soars under Trump

February 25, 2017

Private prison stock soars under Trump

NY Times - Few profited more immediately from Donald Trump’s election than the private-prison industry. On Nov. 9, the day after Mr. Trump won, the Corrections Corporation of America (now CoreCivic), the nation’s biggest operator of private prisons, saw its stock price jump 43 percent; its leading competitor, the GEO Group, rose 21 percent. Stocks in those companies are up more than 100 percent since Election Day.

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ABOUT THE EDITOR

The Review is edited by Sam Smith, who covered Washington under nine presidents, has edited the Progressive Review and its predecessors since 1964, wrote four books, been published in five anthologies, helped to start five organizations (including the DC Humanities Council and the DC Statehood Party), was a plaintiff in three successful class action suits, served as a Coast Guard officer, and played in jazz bands for four decades.

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