Among the biggest winners Wednesday morning are prison stocksGeo Group(NYES: GEO) andCoreCivic(NYSE:CXW), moving positively to the news thatDonald Trumpwon the 2024 presidential election.
While prison stocks could benefit from Trump back in office and policies to expand private prison and immigration detention centers, past market history shows these stocks fell during Trump's previous four years in the White House.
What Happened: Investors could be feeling déjà vu with prison stocks moving higher after Trump's win Tuesday night.
Geo Group shares opened higher by 19.4% after Trump's win in the 2016 election and...
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