US Stock Market Move | Prison concept stocks rise, GEO Group (GEO.US) increases more than 4%

On Thursday, the stock price of the GEO Group (GEO.US) rose, with the stock up over 4% to $26.56 as of the time of writing. CoreCivic (CXW.US) edged up 0.28% to $21.58. Under President Trump's leadership, the Federal Bureau of Prisons and the U.S. Marshals Service are more likely to contract with private prison companies. Trump previously stated that "border czar" Tom Homan "will be responsible for repatriating all illegal immigrants to their home countries." During Trump's first term, Homan led the Immigration and Customs Enforcement agency.