Geo Group, CoreCivic Prison Stocks Fall on Democratic Sweep and That's Bad News For Trump's Stock Portfolio
Geo Group, CoreCivic Prison Stocks Fall on Democratic Sweep and That's Bad News For Trump's Stock Portfolio November 4, 2026 3:59 PM by Chris Katje Benzinga Staff Write The results of Tuesday’s midterm elections, which saw massive gains by the Democratic Party, are seeing several sectors trade lower Wednesday as investors digest the results and what a majority control by the Democrats could mean for their holdings. For-profit prison stocks are among those getting hit. Prison Stocks Get Hit For-profit prison companies The GEO Group (NYSE: GEO ) and CoreCivic (NYSE: CXW ) have benefited from the current White House. A look at the investor relations pages for both companies will see wins like this week’s 10-year deal involving The Geo Group, the City of Big Spring, Texas, and the U.S. Immigration and Customs Enforcement to reopen two idle immigration processing centers. The deal means $200 million in annual revenue for The GEO Group in its first year, the company said. Deal...
