In a filing, CoreCivic Inc revealed its Chief Operating Officer Swindle, Patrick D. unloaded Company’s shares for reported $0.22 million on Mar 14 ’24. In the deal valued at $14.60 per share,15,000 shares were sold. As a result of this transaction, Swindle, Patrick D. now holds 218,504 shares worth roughly $3.41 million.
Then, Hininger Damon T sold 50,525 shares, generating $738,676 in total proceeds. Upon selling the shares at $14.62, the President & CEO now owns 820,262 shares.
Before that, Grande Anthony L sold 15,000 shares. CoreCivic Inc shares valued at $217,509 were divested by the EVP, Chief Development Officer at a price of $14.50 per share. As a result of the transaction, Grande Anthony L now holds 186,692 shares, worth roughly $2.92 million.
Northland Capital initiated its CoreCivic Inc [CXW] rating to an Outperform in a research note published on October 19, 2023; the price target was $16. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “an Outperform”. Wedbush began covering CXW with “Neutral” recommendation on June 18, 2021. Noble Capital Markets started covering the stock on March 16, 2020. It rated CXW as “an Outperform”.
Price Performance Review of CXW
On Friday, CoreCivic Inc [NYSE:CXW] saw its stock jump 1.69% to $15.62. Over the last five days, the stock has gained 0.06%. CoreCivic Inc shares have risen nearly 7.50% since the year began. Nevertheless, the stocks have risen 71.84% over the past one year. While a 52-week high of $16.24 was reached on 03/25/24, a 52-week low of $7.84 was recorded on 01/16/24. SMA at 50 days reached $14.84, while 200 days put it at $12.54. A total of 0.9 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For CXW Stock
The 24-hour chart illustrates a support level at 15.29, which if violated will result in even more drops to 14.97. On the upside, there is a resistance level at 15.94. A further resistance level may holdings at 16.27. The Relative Strength Index (RSI) on the 14-day chart is 58.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.16%. Stochastics %K at 57.93% indicates the stock is a holding.
How much short interest is there in CoreCivic Inc?
A steep rise in short interest was recorded in CoreCivic Inc stocks on Mar 15, 2024, growing by 0.54 million shares to a total of 4.63 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.09 million shares. There was a rise of 11.66%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.4.
The most recent change occurred on February 10, 2017 when Canaccord Genuity resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $34.
