Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CoreCivic Inc shares valued at $232,650 were sold by Grande Anthony L on May 21 ’24. At $15.51 per share, Grande Anthony L sold 15,000 shares. The insider’s holdings dropped to 168,380 shares worth approximately $2.59 million following the completion of this transaction.
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Also, GARFINKLE DAVID sold 10,100 shares, netting a total of over 154,833 in proceeds. Following the sale of shares at $15.33 each, the insider now holds 351,528 shares.
Before that, GARFINKLE DAVID had sold 19,900 shares from its account. In a trade valued at $302,082, the EVP & Chief Financial Officer traded CoreCivic Inc shares for $15.18 each. Upon closing the transaction, the insider’s holdings decreased to 19,900 shares, worth approximately $5.55 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 1.65%. Over the course of the year, CoreCivic Inc shares have jumped approximately 5.71%. 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 $15.29, while a 200-day SMA reached $13.52. Nevertheless, trading volume fell to 0.58 million shares from 0.79 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 15.13, which, if violated, would cause prices to drop to 14.91. In the upper region, resistance lies at 15.64. The next price resistance is at 15.92. RSI (Relative Strength Index) is 52.69 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 58.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
