tiprankstipranks
CoreCivic, Geo Group dip after Supreme Court leaves Title 42 in place for now
The Fly

CoreCivic, Geo Group dip after Supreme Court leaves Title 42 in place for now

Shares of a pair of private prison operators are lower in pre-market trading following the Supreme Court having said on Tuesday that a Trump-era border restriction known as "Title 42" will stay in effect while legal challenges play out. The 5-4 order is a victory for Republican-led states that ensures that federal officials will be able to continue to swiftly expel migrants at U.S. borders at least for the next several months. The high court, which also agreed to take up the states’ appeal this term, said it would hear arguments on the case during its session that begins in February, CNN has reported. In Wednesday pre-market trading following yesterday’s news of the ruling, CoreCivic shares are down 37c, or 3%, to $11.98 while those of Geo Group are down 25c, or 2%, to $11.09. Reference Link

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on CXW:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles