The recent appointment of a hardline immigration official by President Trump has led to a significant increase in the stock prices of private prison companies, notably GEO Group and CoreCivic, both rising approximately 8% to 9%. This surge reflects investor anticipation of stricter immigration policies, including potential mass deportations. Such measures would likely increase the demand for detention facilities, a need often met by for-profit private prisons. These developments highlight the complex interplay between immigration enforcement and the private prison industry.
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