Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CoreCivic Inc shares valued at $218,937 were sold by Swindle, Patrick D. on Mar 14 ’24. At $14.60 per share, Swindle, Patrick D. sold 15,000 shares. The insider’s holdings dropped to 218,504 shares worth approximately $3.43 million following the completion of this transaction.
Also, Hininger Damon T sold 50,525 shares, netting a total of over 738,676 in proceeds. Following the sale of shares at $14.62 each, the insider now holds 820,262 shares.
Before that, Grande Anthony L had sold 15,000 shares from its account. In a trade valued at $217,509, the EVP, Chief Development Officer traded CoreCivic Inc shares for $14.50 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $2.93 million.
As published in their initiating research note from Northland Capital on October 19, 2023, CoreCivic Inc [CXW] has been an Outperform and the price target has been revised to $16. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid April. As of June 18, 2021, Wedbush has initiated its “Neutral” rating for CXW. Earlier on March 16, 2020, Noble Capital Markets initiated its rating. Their recommendation was “an Outperform” for CXW stock.
Analyzing CXW Stock Performance
During the last five days, there has been a surge of approximately 2.15%. Over the course of the year, CoreCivic Inc shares have jumped approximately 8.12%. Shares of the company reached a 52-week high of $16.24 on 04/09/24 and a 52-week low of $13.36 on 01/16/24. A 50-day SMA is recorded $14.92, while a 200-day SMA reached $12.64. Nevertheless, trading volume fell to 0.84 million shares from 0.75 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 15.44, which, if violated, would cause prices to drop to 15.17. In the upper region, resistance lies at 15.94. The next price resistance is at 16.18. RSI (Relative Strength Index) is 56.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 41.73%, indicating low price movement. Stochastics %K at holding 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 Mar 28, 2024 jumping by 60000.0 shares to 4.04 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 3.98 million shares. A jump of 1.49% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.1 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.1.
