Prison operators GEO, CoreCivic down

Geo

26/01/2026 18:28

** Shares of prison operators GEO Group GEO.N and CoreCivic CXW.N down 10.6% and 7.7% respectively

** Democrats in the Senate have said they will oppose a funding bill for the Department of Homeland Security, overseer of ICE

** This follows a fatal shooting of a second U.S. citizen by immigration agents in Minnesota

** Minnesota state officials are also pressing a federal judge to temporarily stop the surge of 3,000 immigration agents

** In October, GEO was awarded a two-year electronic monitoring, case management, and supervision contract by ICE

** CXW also recieved an ICE contract at its Diamondback facility

 (Reporting by Aishwarya Jain in Bengaluru)

 ((Aishwarya.Jain@thomsonreuters.com;))