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Private prison stocks jump on Trump appointment of immigration hardliner Tom Homan
CXWCoreCivic(CXW) CNBC·2024-11-11 22:22

A guard escorts an immigrant detainee from his 'segregation cell' back into the general population at the Adelanto Detention Facility, managed by GEO Group.The Geo Group and CoreCivic jumped more than 4% and nearly 8%, respectively, in premarket trading. Homan served as the head of Immigration and Customs Enforcement during Trump's first term.Trump said Sunday on Truth Social that Homan "will be in charge of all Deportation of Illegal Aliens back to their Country of Origin." Homan will be responsible for th ...