Top ICE Contractor Geo Erases All ‘Trump Trade’ Stock Gains (2)

Shares of private prison operator Geo Group have erased a once-hefty gain that came after President Donald Trump’s election victory, as growing backlash over the administration’s immigration policy clouds the company’s prospects.

The stock fell 15% on Thursday to $13.47. The slump took it below $14.18 — its closing price the day before the November 2024 vote — capping a more than 60% drop from a post-election high.

A string of disappointing financial results helped fuel the slide, along with more recent worries that a public uproar following the killing of two US citizens by federal agents would hurt ...