Corrections Corp. Breaks Out

Shares in the private-sector detention company have surged, thanks to a growing inmate population

Crime may not pay, but punishment has been doing pretty well lately. Shares in Corrections Corp. of America (CXW) recently touched a 52-week high of $52.45, and the stock was up 13.6% for the year at the close on June 1. A growing U.S. prison population suggests the Nashville-based company can continue to deliver solid profits.

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