Zach Perrino was incarcerated in both public and private prisons throughout Arizona. He says he never felt safe in any of them, but there was a time during a violent 2015 riot at the Kingman prison when Perrino truly feared for his life:“I remember kind of making peace with myself,” Perrino said. “You know, this is probably where my story ends.”Thirteen people were
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9 Jun 2021
Shares of Geo Group, Inc. shot up Wednesday as meme stock traders turned their attention to the private prison company whose shares have languished after President Biden signed an executive order instructing the Federal Bureau of Prisons not to renew private prison contracts.
Shares were up by nearly 75 percent at one point on Wednesday. They hit the close up over 38 percent.
Users of the WallStreetBets message board were celebrating the rise on Wednesday.
Another private prison stock, CoreCivic, which was formerly known the Corrections Corporation of America, saw its shares jump nearly 18 percent. Michael Burry, the Big Short investor whose stake in GameStop helped fuel hopes for the video game seller, is reportedly an investor in CoreCivic.
Videogame retailer GameStop on Wednesday named the head of Amazon.com Inc's Australian business as its chief executive officer and said it may sell new shares after it reported quarterly results that were stronger than analysts expected. GameStop's shares were trading at around $281 premarket after closing Wednesday at $302.56, near levels hit in January when a Reddit-driven frenzy sent its stock up 1,600%. "This latest chapter of the meme stock mania seems very much to be the typical pump and dump trade," said Edward Moya, a senior market analyst at OANDA, identifying e-commerce company ContextLogic Inc and Clean Energy Fuels Corp as the new targets of retail traders.