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Jail stocks in the United States are soaring
Jail stocks soaring with value of two such stocks nearly doubling in just days

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Prison Stocks DOUBLE After Donald Trump’s Victory In US Presidential Elections | Wall Street

Name: Prison Stocks DOUBLE After Donald Trump’s Victory In US Presidential Elections | Wall Street
Uploaded: 2024-11-12T17:43:15.000+05:30
Duration: T00M52S
Channel: Editorji News Desk
Description: In just a few sessions, shares of GEO Group which invests in private prisons in US, UK and other countries have risen over 80 percent

In just a few sessions, shares of GEO Group which invests in private prisons in US, UK and other countries have risen over 80 percent

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Prison Stocks DOUBLE After Donald Trump’s Victory In US Presidential Elections | Wall Street

Jail stocks in the United States are soaring, with value of two such stocks nearly doubling in just days.

The trigger: Republican leader Donald Trump's return to the White House as the President of the United States.

So, in just a few sessions, shares of GEO Group which invests in private prisons in US, UK and other countries have risen over 80 percent.

Shares of CoreCivic, which owns and manages private prisons and detention centres, have also seen a similar surge since Trump's victory.

But what's the connection between President Elect Trump and the surge in these jail stocks?

Well, Wall Street expects these companies to benefit from Trump's poll pledge to carry out mass detention and deportation of immigrants.

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Frequently Asked Questions

What caused the recent surge in prison stocks?❯

The recent surge in prison stocks can be attributed to Republican leader Donald Trump's return to the White House as the President of the United States. Wall Street anticipates these companies will benefit from Trump's pledge to carry out mass detention and deportation of immigrants.

Which companies have seen a significant increase in their stock value?❯

What is the connection between Trump's election and the stock increase?❯

In which countries does GEO Group invest in private prisons?❯

What is the expected impact of Trump's policies on these companies?❯