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CoreCivic Falls Victim To Teetering Trump Presidency

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Corecivic Inc (NYSE: CXW) shares were seen trading lower by $3.13 at $31.06 in Wednesday's session. The corrections corporation is one of the many issues that were labeled as a "Trump stock," meaning, his policies would be a major boon to its bottom line.

However, with the increasing uncertainty of how long Trump will remain in office, the issue is deep in the red in Wednesday's session.

After a lower open, it attempted to rally by found resistance ahead of Tuesday's close ($34.19) at $33.88 and then continued its move lower. It has continued to make new lows for the session with current one standing at $30.15. That low corresponds with its March 27 low of $30.30.

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