Taking a look at what insiders are doing to gauge the CoreCivic Inc. (CXW)’s direction


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CoreCivic Inc. shares valued at $79,961 were sold by GARFINKLE DAVID on Feb 15. At $10.66 per share, GARFINKLE DAVID sold 7,500 shares. The insider’s holdings dropped to 316,687 shares worth approximately $3.08 million following the completion of this transaction.

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Also, Carter, Cole G. sold 5,000 shares, netting a total of over 53,650 in proceeds. Following the sale of shares at $10.73 each, the insider now holds 187,250 shares.

Before that, GARFINKLE DAVID had sold 7,500 shares from its account. In a trade valued at $85,719, the EVP & Chief Financial Officer traded CoreCivic Inc. shares for $11.43 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $3.16 million.

As published in a research note from Wedbush on April 14, 2022, CoreCivic Inc. [CXW] has been rated up from a Neutral to an Outperform and the price target has been revised to $17. This represents a 42.71% premium over Thursday’s closing price. Analysts at Wedbush started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid June. As of March 16, 2020, Noble Capital Markets has initiated its “an Outperform” rating for CXW. Earlier on February 10, 2017, Canaccord Genuity resumed its rating. Their recommendation was “a Buy” for CXW stock.

Analyzing CXW Stock Performance

On Thursday, CoreCivic Inc. [NYSE: CXW] plunged -0.71% to $9.74. The stock’s lowest price that day was $9.58, but it reached a high of $9.78 in the same session. During the last five days, there has been a drop of approximately -3.94%. Over the course of the year, CoreCivic Inc. shares have dropped approximately -15.74%. Shares of the company reached a 52-week high of $11.88 on 02/13/23 and a 52-week low of $9.58 on 03/02/23. A 50-day SMA is recorded $10.95, while a 200-day SMA reached $10.86. Nevertheless, trading volume fell to 0.74 million shares from 1.01 million shares the previous day.

Support And Resistance Levels for CoreCivic Inc. (CXW)

According to the 24-hour chart, there is a support level at 9.62, which, if violated, would cause prices to drop to 9.50. In the upper region, resistance lies at 9.82. The next price resistance is at 9.90. RSI (Relative Strength Index) is 36.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 93.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is CoreCivic Inc. subject to short interest?

Stocks of CoreCivic Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 1.28 million shares to 3.71 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 2.43 million shares. A jump of 34.5% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.32 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.32.

Which companies own the most shares of CoreCivic Inc. (CXW)?

According to BlackRock Fund Advisors filings, the company currently owns 17,683,692 shares, which is about 15.38% of the total CXW shares outstanding. The investor’s shares have plunged by -620,729 from its previous 13-F filing of 18304421.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $137,215,440. Fidelity Management & Research Co acquire a 4.59% interest valued at $105.73 million while River Road Asset Management LLC purchased a 360,327 stake. A total of 102,755 shares of CoreCivic Inc. were bought by SSgA Funds Management, Inc. during the quarter, and -17,905 were sold by Geode Capital Management LLC. In its current portfolio, Boston Partners Global Investors, holds 1,736,377 shares valued at $18.48 million.

In terms of CoreCivic Inc. share price expectations, FactSet research, analysts set an average price target of $16.08 in the next 12 months, up nearly 52.91% from the previous closing price of $9.81. Analysts anticipate CoreCivic Inc. stock to reach $18.25 by 2023, with the lowest price target being $15.00. In spite of this, 2 analysts ranked CoreCivic Inc. stock as a Buy at the end of 2023. On December 12, 2016, Canaccord Genuity assigned a price target of “a Buy” to the stock and upgraded coverage with a $28.


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