CoreCivic stock recovers lost value
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.