Corrections Corp. (CXW) Paused Again for Volatility; Shares Down 50%+

Corrections Corp. (CXW) Responds to DOJ Action on Private Prisons; Says BOP Contracts Represent ~7% of Annual Revs

Corrections Corporation of America (NYSE: CXW) responded to the Federal Bureau of Prisons' ("BOP") decision to amend the Criminal Alien Requirement XVI ("CAR 16") solicitation by reducing the previously announced 10,800 contract beds to 3,600 contract beds in response to recommendations from the Department of Justice to reduce future reliance on privately operated prison facilities. CCA's Eden Detention Center, containing 1,422 beds, is included in the CAR 16 solicitation.

"We have been a keen observer of the BOP's declining inmate population over the last three years.... More

Corrections Corp. (CXW) Comments on DOJ Action; Says Findings Don't Match with Independent Studies

Corrections Corp. (NYSE: CXW) sent out the following commentary today to StreetInsider.com with respect to the Deparment of Justice's move to phase-out the use of private prisons:

We value our partners, and we will continue to work with them, both through the types of management solutions weve provided for more than three decades, as well as... More

Analyst Sees DoJ's Move Away from Private Prisons as More 'Aspirational than Attainable' (CXW) (GEO)

Height securities is out with commentary on Corrections Corp. (NYSE: CXW) and GEO Group (NYSE: GEO) amid news that the Dept. of Justice is moving away from private prisons.

Analyst Daniel Hanson commented today:

While the Obama administration may desire a reduction in the use of private prisons at the federal level, we believe that this goal is more aspirational than attainable. CXW and GEO both operate facilities that are vital to the smooth functioning of the federal prison system, and they will remain integral over coming... More

Corrections Corporation of America (CXW) options in fast market on DOJ

Corrections Corporation of America (NYSE: CXW) is recently down 49% on the DOJ ending use of private prisons. August 25 and 26 puts are active.

Streetinsider.com's Hot Lunchtime Reads 8/18: (CXW) (VRX) (AAP) (HOG)

The following is a list of notable articles to help get you through the lunch hour:U.S. DoJ Affirms Plans to Phase-Out Use of Private Prisons (CXW) (GEO) ->... More

U.S. DoJ Affirms Plans to Phase-Out Use of Private Prisons (CXW) (GEO)

The U.S. Department of Justice posted the following to its news blog on Thursday:

When most people think of the Justice Department, they are likely to imagine the most visible parts of our job the law enforcement agents who investigate crimes or the lawyers who prosecute them. But the departments core responsibilities go beyond investigation and prosecution. Unlike most states, the federal government puts its law enforcement agents, criminal prosecutors, and correctional officers all in a single department. We handle every step from the start of an investigation to the end of a prison sentence. Our... More

Corrections Corp. (CXW), GEO Group (GEO) Paused Again for Volatility

Corrections Corporation of America (NYSE: CXW) and GEO Group (NYSE: GEO) are both paused for volatility.

Corrections Corporation of America (CXW) Halted on Circuit Breaker

Corrections Corporation of America (NYSE: CXW) Halted on Circuit Breaker

Corrections Corporation of America (CXW), GEO Group (GEO) Decline; Justice Department to End Use of Private Prisons - Washington Post

(Updated - August 18, 2016 11:41 AM EDT)

(Updated - August 18, 2016 11:35 AM EDT)

GEO Group (NYSE: GEO) and Corrections Corporation of America (NYSE: CXW) shares were hammered Thursday after the Washington Post... More