GEO Group (GEO) and CoreCivic (CXW) saw their share prices increase pre-bell Tuesday after President Donald Trump revoked the Biden administration's Executive Order 14006 that eliminated the use of privately operated criminal detention facilities.
CoreCivic's shares rose 2.5% in recent premarket activity, while GEO Group's shares increased by 0.8%.
Trump's executive order revoking 78 executive actions, including Executive Order 14006, said these were "the first of many steps the United States Federal Government will take to repair our institutions and our economy."
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