Elizabeth Warren’s Pledge to End Private Prisons Sends Shares Reeling
- GEO, CoreCivic shares each fall close to 6% Friday morning
- Democratic presidential candidate has targeted prisons in past
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Shares of private prisons GEO Group Inc. and CoreCivic Inc. took a hit Friday morning after presidential candidate Senator Elizabeth Warren tweeted about about her plan to terminate them.
GEO slid as much as 5.8%, its biggest intraday loss since March, and CoreCivic retreated as much as 6%, the largest intraday decline this year.