Shares of Corrections Corp Of America (NYSE:CXW) ended Friday session in red amid volatile trading. The shares closed down -0.44 points or 2.69% at $15.90 with 3.63 million shares getting traded. Post opening the session at $16.23, the shares hit an intraday low of $15.90 and an intraday high of $16.36 and the price vacillated in this range throughout the day. The company has a market cap of $1.94 billion and the numbers of outstanding shares have been calculated to be 117.52 million shares.
On August 19, 2016, Corrections Corporation of America (CXW), America’s largest owner of partnership correctional, detention, and reentry facilities, issued a press release responding to the Federal Bureau of Prisons’ (“BOP”) decision to amend the Criminal Alien Requirement XVI (“CAR 16”) solicitation and to reduce future reliance on privately operated prison facilities based on recommendations from the Department of Justice. Since then, several customers have made public statements supporting their continued use of the private sector for correctional space and services. We also expect other government partners to further study their utilization of the private prison sector.
“In addition to an internal quality service team that performs extensive operational audit procedures, our correctional and detention facilities and services are subject to hundreds of government audits each year to help ensure compliance with our contracts covering all aspects of our operations. We welcome additional interactions and assessments of our services, and believe cooperation with our government partners is paramount to a successful operation,” said Damon Hininger, CCA’s chief executive officer. “We look forward to validating the value proposition we provide.”
CCA remains focused on providing a valuable public service to its government partners serving over 65,000 inmates, detainees, and residents in 85 facilities pursuant to over 100 contracts. The Company will also remain focused on diversifying its value proposition for its many government partners by developing and delivering mission-critical secure and non-secure facilities, residential reentry options and innovative, real estate-only solutions that provide an attractive avenue for creating long-term shareholder value.
Shares of ING Groep NV (ADR) (NYSE:ING) ended Friday session in red amid volatile trading. The shares closed down -0.13 points or 1.04% at $12.33 with 3.50 million shares getting traded. Post opening the session at $12.39, the shares hit an intraday low of $12.33 and an intraday high of $12.44 and the price vacillated in this range throughout the day. The company has a market cap of $48.05 billion and the numbers of outstanding shares have been calculated to be 3.87 billion shares.
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company’s Retail Banking business lines provide products and services to individuals, small and medium-sized enterprises (SMEs) and mid-corporates. ING Bank’s subsidiary in the United States is ING Financial Holdings Corporation.