TruthOrFake Logo
TruthOrFake
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.

Published June 16, 2025
ByFactChecker 1.1 avatarFactChecker 1.1
±
VERDICT
Partially True

# 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 Kno...

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.

Sources

  1. Trump Stock Winners CoreCivic, Geo Group Are Jumping Again. This Is Why ...
  2. These two 'Jail stocks' have nearly doubled in value since Trump's ...
  3. Trump administration using no-bid contracts, boosting big ...
  4. Trump's election win sends private prisons stocks soaring ...
  5. CoreCivic, Geo Group Rally By Double Digits Since Election Day: Why ...
  6. What Trump's Victory Means for the Private Prison Industry
  7. These Prison Stocks Jump Again After Trump's Hardline Border Move - MSN
  8. Private prison stocks and the 2020 presidential election

Have a claim you want to verify? It's 100% Free!

Our AI-powered fact-checker analyzes claims against thousands of reliable sources and provides evidence-based verdicts in seconds. Completely free with no registration required.

💡 Try:
"Coffee helps you live longer"
✓100% Free
✓No Registration
✓Instant Results

Comments

Leave a comment

Loading comments...

More Fact Checks to Explore

Discover similar claims and stay informed with these related fact-checks

Fact Check: We have 50 years of data that tells us what corporations do with tax cuts. This has been one of the most studied things by universities around the world for the last 50 years. And in the last 50 years across 18 of the wealthiest nations in the world not one has corporate tax cuts equated to higher job growth. 00:35 Not once. Or we can just look at the Trump tax cuts passed in twenty 17. Donald Trump created 40, 000 less jobs a month than Barack Obama did. And oh by the way that's leaving out COVID. That's leaving out all the job losses from the pandemic. There is one thing that happens when you give corporations big tax breaks. This right here. 50 years of data. You see that red line on top? That's the rich getting richer. You see those two lines on the bottom? That's the bottom 905percent? No In 01:06 twenty 18 corporations spent over a trillion dollars on stock buybacks and created less jobs than they did in twenty fourteen, 15, 16, and seventeen. You see the rich can afford to pump all of this misinformation into your brain. And that's why you believe it. There's not a single case in history of tax cuts for the rich helping an economy in any way shape or form.
Partially True
🎯 Similar

Fact Check: We have 50 years of data that tells us what corporations do with tax cuts. This has been one of the most studied things by universities around the world for the last 50 years. And in the last 50 years across 18 of the wealthiest nations in the world not one has corporate tax cuts equated to higher job growth. 00:35 Not once. Or we can just look at the Trump tax cuts passed in twenty 17. Donald Trump created 40, 000 less jobs a month than Barack Obama did. And oh by the way that's leaving out COVID. That's leaving out all the job losses from the pandemic. There is one thing that happens when you give corporations big tax breaks. This right here. 50 years of data. You see that red line on top? That's the rich getting richer. You see those two lines on the bottom? That's the bottom 905percent? No In 01:06 twenty 18 corporations spent over a trillion dollars on stock buybacks and created less jobs than they did in twenty fourteen, 15, 16, and seventeen. You see the rich can afford to pump all of this misinformation into your brain. And that's why you believe it. There's not a single case in history of tax cuts for the rich helping an economy in any way shape or form.

Detailed fact-check analysis of: We have 50 years of data that tells us what corporations do with tax cuts. This has been one of the most studied things by universities around the world for the last 50 years. And in the last 50 years across 18 of the wealthiest nations in the world not one has corporate tax cuts equated to higher job growth. 00:35 Not once. Or we can just look at the Trump tax cuts passed in twenty 17. Donald Trump created 40, 000 less jobs a month than Barack Obama did. And oh by the way that's leaving out COVID. That's leaving out all the job losses from the pandemic. There is one thing that happens when you give corporations big tax breaks. This right here. 50 years of data. You see that red line on top? That's the rich getting richer. You see those two lines on the bottom? That's the bottom 905percent? No In 01:06 twenty 18 corporations spent over a trillion dollars on stock buybacks and created less jobs than they did in twenty fourteen, 15, 16, and seventeen. You see the rich can afford to pump all of this misinformation into your brain. And that's why you believe it. There's not a single case in history of tax cuts for the rich helping an economy in any way shape or form.

Jul 30, 2025
Read more →
Fact Check: Donald Trump Jr. was at the New York Stock Exchange celebrating his company, GrabAGun, which markets itself as the “Amazon of guns” and pushes slogans like “Shoot Now, Pay Later”. The venture offers AR-style rifles and a branded “Don Wick” dagger-style handgun and features discount pricing aimed at easy home delivery.
Partially True
🎯 Similar

Fact Check: Donald Trump Jr. was at the New York Stock Exchange celebrating his company, GrabAGun, which markets itself as the “Amazon of guns” and pushes slogans like “Shoot Now, Pay Later”. The venture offers AR-style rifles and a branded “Don Wick” dagger-style handgun and features discount pricing aimed at easy home delivery.

Detailed fact-check analysis of: Donald Trump Jr. was at the New York Stock Exchange celebrating his company, GrabAGun, which markets itself as the “Amazon of guns” and pushes slogans like “Shoot Now, Pay Later”. The venture offers AR-style rifles and a branded “Don Wick” dagger-style handgun and features discount pricing aimed at easy home delivery.

Jul 27, 2025
Read more →
Fact Check: Since WWII: Jobs under Democrats: 50 million Jobs under Republicans: 1 million Real GDP Growth Rate Dems: 4.3% Real GDP Growth Rate Repubs: 2.5% Unemployment Rates: Lower under Democrats Inflation Rates: Lower under Democrats Budget Deficits: Lower under Democrats Stock Market Returns: Higher under Democrats Recessions under Republicans: 84% Recessions under Democrats: 16%
Unverified
🎯 Similar

Fact Check: Since WWII: Jobs under Democrats: 50 million Jobs under Republicans: 1 million Real GDP Growth Rate Dems: 4.3% Real GDP Growth Rate Repubs: 2.5% Unemployment Rates: Lower under Democrats Inflation Rates: Lower under Democrats Budget Deficits: Lower under Democrats Stock Market Returns: Higher under Democrats Recessions under Republicans: 84% Recessions under Democrats: 16%

Detailed fact-check analysis of: Since WWII: Jobs under Democrats: 50 million Jobs under Republicans: 1 million Real GDP Growth Rate Dems: 4.3% Real GDP Growth Rate Repubs: 2.5% Unemployment Rates: Lower under Democrats Inflation Rates: Lower under Democrats Budget Deficits: Lower under Democrats Stock Market Returns: Higher under Democrats Recessions under Republicans: 84% Recessions under Democrats: 16%

Aug 4, 2025
Read more →
Fact Check: Is the stock market crashing
Partially True

Fact Check: Is the stock market crashing

Detailed fact-check analysis of: Is the stock market crashing

Jul 13, 2025
Read more →
🔍
Partially True

Fact Check: Elon Musk's political involvement is damaging Tesla's brand and stock value.

Detailed fact-check analysis of: Elon Musk's political involvement is damaging Tesla's brand and stock value.

Jul 7, 2025
Read more →
Fact Check: South Korea's stock market is the best performing in Asia, rising 30% this year.
True

Fact Check: South Korea's stock market is the best performing in Asia, rising 30% this year.

Detailed fact-check analysis of: South Korea's stock market is the best performing in Asia, rising 30% this year.

Jul 8, 2025
Read more →
Explore All Fact Checks