Top ICE Contractor Geo Erases All ‘Trump Trade’ Stock Gains
Detainees exercising in an outdoor recreation area at the Northwest ICE Processing Center in Tacoma, Washington.
Photographer: David Ryder/Getty Images
Shares of private prison operator Geo Group have erased a once-hefty gain that came after President Donald Trump’s election victory, as growing backlash over the administration’s immigration policy clouds the company’s prospects.
The stock fell 15% on Thursday to $13.47. The slump took it below $14.18 — its closing price the day before the November 2024 vote — capping a more than 60% drop from a post-election high.