effect of the decision on stock prices of private prison corporations
http://www.marketwatch.com/story/private...-use-2016-08-188/18/16
Corrections Corp. of America CXW, +8.59% shares dropped 35% to close at $17.57, after touching an intraday low of $13.04, on volume of nearly 40 million shares, compared with an average daily volume of 810,000 shares over the past 52 weeks. It was the lowest close for the stock since July 31, 2009, when it finished at $17.26, according to FactSet.
GEO Group Inc. GEO, +21.37% shares fell 40% to close at $19.51, after touching an intraday low of $16.26, on volume of more than 25 million shares, compared with an average daily volume of 511,000 shares over the past 52 weeks. It was the stock’s lowest close since April 10, 2012, when it finished at $19.50.
In after-hours activity Thursday, Corrections shares were up 6% at $18.64, and GEO shares advanced 4.8% to $20.33.
