CoreCivic Inc
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Industrials : Commercial Services & Supplies | Small Cap Value
Company profile

CoreCivic, Inc. is a diversified government solutions company, which is engaged in providing partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s principal business segments include CoreCivic Safety, CoreCivic Community and CoreCivic Properties. CoreCivic Safety segment consists of approximately 46 correctional and detention facilities. CoreCivic Community segment consists of approximately 26 residential reentry centers. CoreCivic Community also includes the operating results of its electronic monitoring and case management services. CoreCivic Properties segment consists of approximately 10 real estate properties. The Company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.

Closing Price
Day's Change
0.23 (1.76%)
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(Heavy Day)

10-day average volume:

Affirm stock extends losses premarket as new report says BNPL companies facing regulatory pressure

6:56 am ET June 7, 2022 (MarketWatch)

Shares of Affirm Holdings Inc. (AFRM) extended their prior-session slide in premarket trade Tuesday, after Apple Inc. (AAPL) announced an installment-pay offering similar to one of Affirm's buy-now pay-later options. The stock lost 5.5% of its value on Monday, after Apple announced its plan during the keynote speech of its WWDC developer event Monday and said that the installment option will be available where the Apple Pay service is accepted. The news also sent Australian buy-now-pay-later stocks lower; the Australian Securities Exchange is home to 15 such companies, the most of any exchange in the world. The global market for BNPL companies reached $120 billion in 2021, according to a report published Tuesday by GlobalData and has seen a compound annual growth rate of more than 85% from 2019 to 2021. "The sector has been able to grow so rapidly partly due to a lack of regulation," said the report. "However, governing bodies are reviewing the sector and considering imposing rules to protect consumers from accumulating unmanageable debt." Marqeta Inc. (MQ) was flat, whioe Visa was down 0.5% and Mastercard was down 0.9%.

-Ciara Linnane


(END) Dow Jones Newswires

June 07, 2022 06:56 ET (10:56 GMT)

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