Why The GEO Group Stock Crashed Today

Shares of GEO Group (NYSE: GEO), a real estate investment trust (REIT) that develops and operates private correctional facilities for government clients, sank Tuesday on news that President Joe Biden plans to scale back the federal government's use of private prisons.

GEO Group stock was down 10.3% as of 3:10 p.m. EST.  

Image source: Getty Images.

Continue reading

Source Fool.com