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Business

CoreCivic stock recovers lost value

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corecivic.com
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NASHVILLE, Tenn. (WMOT)  --  The year is off to a good start for one of Tennessee’s biggest companies.

Nashville based CoreCivic, formerly Corrections Corporation of America, is one of the largest for-profit prison companies in the nation.

The company’s stock has nearly tripled in price in recent weeks, ending yesterday at just under 35 dollars.

That price marks a return to where the company was last fall when the Obama Administration announced that the federal government would no longer house prisoners in for-profit prisons.  CoreCivic stock plunged to just $13 a share following that news.

Last week the Trump Administration reversed that policy.