Private prison stocks fall after Elizabeth Warren says they should be banned

[BeckyDem]

( Warren 2020 )


By Anneken Tappe, CNN Business



Updated 2:50 PM ET, Fri June 21, 2019

New York (CNN Business)

Friday was a bad day for private prisons.


Democratic presidential candidate Elizabeth Warren is calling for private correctional and detention facilities to be banned. Shares of private prison operators dropped following her remarks.

Private prison operator CoreCivic's (CXW) stock was down 5%. Shares of The GEO Group (GEO), a Florida-based private prison and detention company, fell 5.6%. The broader stock market was flat to slightly higher on Friday.

Warren's campaign said it was unfazed by the stocks' slump.

"They shouldn't have a share price because they shouldn't exist," said Kristen Orthman, spokeswoman and director of communications for the Warren campaign.

https://www.cnn.com/2019/06/21/investing/private-prison-stocks-elizabeth-warren/index.html

[RKP5637]

1. K&R!!! Good!!! n/t

[SouthernProgressive]

2. "They shouldn't have a share price because they shouldn't exist"

[BeckyDem]

3. Yea, I love that comment too. lol

[NJCher]

4. this makes my day

Thank you, Elizabeth Warren.

[Doreen]

5. Something to smile about today.

[saidsimplesimon]

6. Thank you Senator Warren.

[Scurrilous]

7. K&R

[shanny]

8. Thank you! Senator Professor Warren

[ananda]

9. Agree!

Those prisons are just pure evil.