prisons

Prison stocks are underperforming in the current market recovery, with three major publicly-traded ones trading deep in the red in the year to date. This marks a reversal from 2022, when the stocks notched spectacular gains despite the broader market swoon. The Prison Stock...

In the night sky over a prison in Ontario, Canada, one might have dreamt of seeing a sleigh full of Christmas goodies for all the well-behaved prisoners therein.  Once it was ascertained, however, that it was not Santa making the delivery but indeed a drone,...

A quiet night at home in Ohio was disturbed this week when a drone strapped with weed, tobacco and cell phones crashed into a house in Mansfield, south of Cleveland, and scared the heck out of its occupants. According to the Richland County Sheriff's office, a 17-year-old...

After a huge post-election rally, Corecivic Inc (NYSE: CXW) shares are down 3.6 percent in the past month as uncertainty about a possible impeachment of President Donald Trump have continued to rise. However, after meeting with company management, Canaccord Genuity analyst Micheal Kodesch is...

Following Thursday's Department of Justice news regarding privately-managed prisons, The GEO Group Inc (NYSE: GEO) and Corrections Corp Of America (NYSE: CXW) witnessed more than a 35 percent drop on Thursday, but rebounded Friday after issuing responses to the DoJ, each gaining roughly 10 percent...

The U.S. Department of Justice announced it would be gradually moving away from the use of private prisons. Public companies that own private prisons with government contracts took a large blow on Thursday. But was the plummet an overreaction? Related Link: Prison Stocks Rocked As DoJ...

The Federal Communications Commission (FCC) gave the go-ahead to raise rates on inmate calls amid declining prison population. The latest development would benefit service providers such as AT&T Inc. (NYSE: T). A press release from the FCC said, "The rate caps adopted are, on average,...

It is somewhat difficult to imagine that the criminal element in the United States could actually help investors on Wall Street turn a profit. But, that is exactly what is happening as more and more investors are starting to cash in on the burgeoning corrections industry. The fact that the...