Via Seeking Alph | Liz Kiesche
CoreCivic (CXW -4.1%) and GEO Group (GEO -4.7%) slump after Senator Elizabeth Warren unveils a plan to end private prisons and detention facilities.
Warren, who’s running for the Democratic presidential nomination in 2020, says she’ll end contracts between the Bureau of Prisons, U.S. Immigration and Customs Enforcement, and the U.S. Marshals Service and private detention providers.
She also seeks to stop contractors from charging service fees for basic services like phone calls, bank transfers, and health care.