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The Latest Breaking News from CoreCivic

Mass Deportations Could Get an Unexpected Head Start Thanks to Biden's Permissive Stance on Private Prisons

ICE is currently negotiating at least 14 contracts with private prison companies despite Biden's initial pledge to end such practices

Latin Times

Revealed: Biden lays groundwork to expand immigration jails as Trump readies for office

In the past year, the Biden administration has extended contracts for private sector jails before Trump’s plan for mass deportations

The Guardian - US

Private contractors in US eye windfall from Trump’s push to deport migrants

Trump’s pledge to pursue ‘mass deportation’ is likely to increase demand for detention facilities and surveillance.

Al Jazeera

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Ice could add 600 beds to New Jersey detention center, documents show

ACLU obtains documents showing agency’s effort to expand state’s detention capacity for undocumented immigrants

The Guardian - US

Geo Group vs. CoreCivic: Which Stock is a Better Buy?

Shares of both GEO Group and CoreCivic are surging as Donald Trump reclaims the White House. But which of these two stocks is a better investment candidate now?

Barchart

Trump Reportedly Plans Major Expansion of Immigrant Detention Facilities for Mass Deportations

NBC News revealed that the aim is to double the current 41,000 ICE detention beds to house detained immigrants prior to deportation

Latin Times

Private Prison Stocks Soar Further After Trump Confirms Deportation Hawk Tom Homan as 'Border Czar'

Shares of The Geo Group and CoreCivic jumped on expectations of ramped-up detention and deportation efforts under Trump's new administration

Latin Times

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For-Profit Prisons Surge on Stock Market as Investors Expect Trump to Arrest Many Immigrants

For-profit prison stock values have surged in anticipation of immigrant arrests leading to increased detainment under President-Elect Donald Trump.

Latin Times

Trump’s election win sends private prisons stocks soaring as investors anticipate hard crackdown on migration

President-elect Trump has vowed to launch the biggest deportation in American history—this could translate to big bucks for companies like CoreCivic and Geo Group.

Fortune

Corecivic Settlements Highlight Issues In Tennessee Prisons

CoreCivic's settlements and mistreatment allegations in Tennessee prisons raise concerns about accountability and the need for reform in the private prison...

Top News

Prison operator under federal scrutiny spent millions settling Tennessee mistreatment claims

The leading private prison company in the U.S. has spent more than $4.4 million to settle dozens of complaints alleging mistreatment at its Tennessee prisons and jails since 2016

The Independent UK

Nashville Attorney Sues Federal Judges Over Gag Order Barring Him From Talking About a Notorious Prison

Daniel Horwitz often represents people illegally silenced by the government. This time he says a court violated his First Amendment rights when it gagged him from publicly speaking about a troubled state prison.

Reason

US Justice Department to investigate violence and sexual abuse at Tennessee's largest prison

The U.S. Department of Justice has launched an investigation into a privately operated Tennessee prison where officials say violence and sexual abuse have gone unaddressed for years

The Independent UK

Migrants detained at the New Mexico Detention Facility denounce inhumane treatment

More than 90% of all individuals detained by ICE are currently being held at detention centers either owned or operated by private companies such as Torrance

Latin Times

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The Independent UK

Audit finds Tennessee prisons severely understaffed, officers worried about safety

Tennessee prisons are severely understaffed, leading to unsafe conditions for both inmates and guards

The Independent UK

Mississippi county closes jail pod plagued by fights and escapes, sends 200 inmates 2 hours away

Mississippi’s largest county is no longer using a section of its jail that has been plagued with security problems that include fights and escapes

Barchart

What’s Going on With CoreCivic (CXW) and Should You Join the Rally?

Controversial private prison CoreCivic has been on the move recently, warranting a deeper discussion about CXW stock.

The Independent UK

Asylum seekers are being set up for rejection at a New Mexico detention facility, rights groups say

A coalition of human rights groups says migrants seeking asylum in the U.S. are being set up for rejection at a privately run detention center in New Mexico

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WEKU

Government's own experts found 'barbaric' and 'negligent' conditions in ICE detention

Inspectors for the Department of Homeland Security found dangerous problems in immigration detention facilities. For years, the government fought NPR's efforts to obtain its often damning reports.

Los Angeles Times

California tried and failed to ban for-profit ICE detention centers. What does that mean for other states?

WASHINGTON, D.C. — California's landmark ban on private prisons and immigrant detention facilities saw its fate sealed when a federal court officially repealed the 2020 law.

The Texas Tribune

Months after being freed, Afghan soldier arrested at border is now on a path toward asylum and healing

Wasi and his brother pray for their family’s safety as the holy month of Ramadan ends and the Taliban continues to rule Afghanistan.

Barchart

Why CoreCivic’s (CXW) Rise in Unusual Options Volume Presents High Risks

While trading activity in the derivatives market for CoreCivic suggests something’s brewing for CXW stock, investors should be cognizant of underlying fundamental risks.

Tribune News Service

ICE detainees allege retaliation after speaking out about medical conditions at California detention center

SAN DIEGO — Weeks after writing an op-ed for the Union-Tribune about his experience in immigration custody, Erik Mercado, a detainee at Otay Mesa Detention Center, was suddenly moved to a different facility in the middle of the night.

Tribune News Service

California moves to shut down a 3rd state prison as inmate population shrinks

California officials on Tuesday announced they will begin the process of closing Chuckwalla Valley State Prison in Riverside County and are planning cutbacks at six more prisons, including a women’s facility in Sacramento County.

Benzinga

Michael Burry Doubles Down On Prison Stocks, Adds This Space Company In 5 New Announced Q3 Positions

Former hedge fund manager and “Big Short” fame investor Michael Burry made headlines earlier this year when he sold all of his positions except one. Burry added five new positions in the third quarter and increased the position in the lone carryover from the second quarter.

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