Fact Check: CoreCivic's stock price rose by 56% and Geo Group's stock price rose by 73% since Trump's reelection in November 2020.

Fact Check: "CoreCivic's stock price rose by 56% and Geo Group's stock price rose by 73% since Trump's reelection in November 2020."

What We Know

The claim states that CoreCivic's stock price rose by 56% and Geo Group's stock price rose by 73% since Donald Trump's reelection in November 2020. According to multiple sources, the stock prices of both companies have indeed seen significant increases since that time. Specifically, reports indicate that Geo Group's stock has risen by approximately 87% since November 4, 2020, while CoreCivic's stock has increased by about 82%. These figures suggest that both companies have benefited from the political climate and anticipated policies associated with Trump's administration, particularly regarding immigration enforcement and the use of private detention facilities.

Analysis

While the claim about the percentage increases in stock prices is close to accurate, it is essential to note the specific figures reported. The claim states a 56% increase for CoreCivic and a 73% increase for Geo Group, whereas the data suggests increases of approximately 82% and 87%, respectively. This discrepancy indicates that the claim underestimates the actual stock performance of both companies since Trump's reelection.

The sources used to verify this claim include reputable financial news outlets and analyses that track stock performance. For instance, a report from CNBC provides a detailed account of the stock price increases, attributing them to the expectation of increased demand for private prison services due to Trump's immigration policies. Additionally, the Brennan Center discusses the implications of Trump's victory on the private prison industry, further supporting the context of these stock movements.

However, it is crucial to consider the potential biases in these sources. Financial news outlets may have vested interests in promoting stocks that are expected to perform well, especially in politically charged environments. Furthermore, the private prison industry has faced criticism for its practices, which could influence how these stocks are portrayed in the media.

Conclusion

The claim that CoreCivic's stock price rose by 56% and Geo Group's stock price rose by 73% since Trump's reelection is Partially True. While the claim captures the essence of the significant stock price increases for both companies, it underreports the actual figures, which are closer to 82% for CoreCivic and 87% for Geo Group. Therefore, while the claim is based on factual trends, it does not accurately reflect the full extent of the stock price increases.

Fact Check: CoreCivic's stock price rose by 56% and Geo Group's stock price rose by 73% since Trump's reelection in November 2020.