GEO Group, CoreCivic Shares Rise Following Passage of 'Big, Beautiful Bill'

Dow Jones

2025/07/07

By Denny Jacob

Companies that run prisons and detention facilities are sharply higher following President Trump's legislative victory.

GEO Group shares were up 7.6% at $27.24 in premarket trading, while CoreCivic climbed 4.6% to $22.68.

Trump signed the "one big, beautiful bill" during a Fourth of July ceremony. The package cuts taxes, boosts border security and lowers social safety-net spending. The boost in border security will benefit GEO and CoreCivic as funding will go to physical detention such as Immigration and Customs Enforcement detention centers.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

July 07, 2025 08:18 ET (12:18 GMT)

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