Corrections Corporation of America (CXW) options in fast market on DOJ
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Corrections Corp. (CXW) Responds to DOJ Action on Private Prisons; Says BOP Contracts Represent ~7% of Annual Revs
August 19, 2016 6:15 AM EDTCorrections 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
August 18, 2016 4:27 PM EDTCorrections 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)
August 18, 2016 12:48 PM EDTHeight 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 Corp. (CXW) Paused Again for Volatility; Shares Down 50%+
August 18, 2016 12:41 PM EDTCorrections Corp. (NYSE: CXW) triggers volatility trading pause once again. The stock is down over 50 percent for the session.
... More