Trump administration is seeking to spend tens of billions of dollars for new detention facilities to allow the government to expedite the contracting process and rapidly expand detention, reported The New York Times’ Allison McCann, Alexandra Berzon and Hamed Aleaziz. Public company stocks that could react to the news include Geo Group (GEO) and CoreCivic (CXW).
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Read More on GEO:
- GEO Group put volume heavy and directionally bearish
- Geo Group price target raised to $35 from $32 at Noble Capital
- Geo Group Highlights Strategic Focus at Investor Day
- Geo Group announces contract modification for Karnes ICE Processing Center
- GEO Group call volume above normal and directionally bullish
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