Private Prison Stocks Sink After U.S. Signals the End

  • Prison REIT shares plunge after Justice Department decision
  • Immigration bureau, California unaffected by federal order

Prison REITs Sink After U.S. Ends Privately-Run Jails

The U.S. Justice Department halted a decade-long experiment of hiring private companies to help manage the soaring prison population, sending shares of facility operators Corrections Corp. of America and GEO Group Inc. plunging.

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