An Analysis of CoreCivic Inc. (CXW)’s Potential Price Growth


In a filing, CoreCivic Inc. revealed its Director MARSHALL THURGOOD JR unloaded Company’s shares for reported $72075.0 on Sep 09. In the deal valued at $9.61 per share,7,500 shares were sold. As a result of this transaction, MARSHALL THURGOOD JR now holds 42,047 shares worth roughly $ 0.5 million.

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Then, PRANN JOHN R JR sold 5,000 shares, generating $50,250 in total proceeds. Upon selling the shares at $10.05, the Director now owns 86,267 shares.

Before that, Mayberry Lucibeth sold 75,000 shares. CoreCivic Inc. shares valued at $853,088 were divested by the EVP, Real Estate at a price of $11.37 per share. As a result of the transaction, Mayberry Lucibeth now holds 229,799 shares, worth roughly $2.74 million.

Wedbush upgraded its CoreCivic Inc. [CXW] rating to an Outperform from a a Neutral in a research note published on Monday. PT values the company’s stock at a premium of 29.94 to its Monday closing price. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in mid June with a ‘”a Neutral”‘ rating. Noble Capital Markets began covering CXW with “an Outperform” recommendation on March 16, 2020. Canaccord Genuity maintained its rating on February 10, 2017. It rated CXW as “a Buy”.

Price Performance Review of CXW

On Monday, CoreCivic Inc. [NYSE:CXW] saw its stock jump 6.24% to $11.91. On the same session, the stock had its day’s lowest price of $11.23, but rose to a high of $11.95. Over the last five days, the stock has gained 13.75%. CoreCivic Inc. shares have risen nearly 19.46% since the year began. Nevertheless, the stocks have risen 24.45% over the past one year. While a 52-week high of $14.24 was reached on 04/20/22, a 52-week low of $8.39 was recorded on 03/08/22. SMA at 50 days reached $9.69, while 200 days put it at $10.57. A total of 1.49 million shares were traded, compared to the trading of 0.85 million shares in the previous session.

Levels Of Support And Resistance For CXW Stock

The 24-hour chart illustrates a support level at 11.44, which if violated will result in even more drops to 10.98. On the upside, there is a resistance level at 12.16. A further resistance level may holdings at 12.42. The Relative Strength Index (RSI) on the 14-day chart is 75.96, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.43%. Stochastics %K at 97.26% indicates the stock is a selling.

How much short interest is there in CoreCivic Inc.?

A steep rise in short interest was recorded in CoreCivic Inc. stocks on Jul 14, 2022, dropping by -0.39 million shares to a total of 6.07 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 6.46 million shares. There was a decline of -6.43%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.06% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.4.

CoreCivic Inc. [CXW] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 18,304,421 shares, or roughly 15.56% of the outstanding CXW shares. In other words, the investor’s shares have risen by 440,648 from its previous 13-F filing of 17863773.0. Additionally, Fidelity Management & Research Co increased 1.47% of its stake after which the total value it holdings stand at $153,849,026, while The Vanguard Group, Inc. added 3.65% of its stake to hold $115.4 million in the firm. Over the last quarter, River Road Asset Management LLC sold -87,634 shares of CoreCivic Inc., while SSgA Funds Management, Inc. sold 48,018 shares. At present, Mason Capital Management LLC is holding 3,658,403 shares valued at $32.34 million. Geode Capital Management LLC owned 2,391,523 shares of the company at the time of its most recent 13F filing, worth $21.14 million.

According to FactSet, CoreCivic Inc.’s share price will average $16.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 33.81 percent from its previous closing price of $11.21. Analysts expect CoreCivic Inc. stock to reach the higher price of $18.00, while the lowest price estimate is $15.00. However, 2 analysts have rated CXW stock as a Buy in their predictions for 2022.


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