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Why CoreCivic Stock Popped 10% This Morning

TheMotleyFool

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Why CoreCivic Stock Popped 10% This Morning

Shares of CoreCivic (NYSE: CXW), a real estate investment trust (REIT) that owns jail and halfway-house properties tied to the criminal justice system, jumped more than 10% in early trading Wednesday and remained up 7.3% at 11:15 a.m. EDT today.

This morning, S&P Dow Jones Indices announced that tiny CoreCivic will replace even tinier offshore driller Valaris (NYSE: VAL) on the S&P SmallCap 600.

Image source: Getty Images.

Source Fool.com

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