Willscot Mobile Mini (NASDAQ:WSC) stock climbed 3.6% mid-day Thursday, following news that the Trump administration is negotiating with the company to lease its mobile units for immigration-related purposes.
The rise in stock value appears to be a direct response to reports from Semfor that US Immigration and Customs Enforcement (ICE) is in talks with the Phoenix-based company to provide temporary spaces for housing and processing a significant number of migrants awaiting deportation. Willscot, known for its mobile structures typically used on construction sites for storage and office space, could see an increase in business should the deal go through.
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