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 $100,640 were sold by Carter, Cole G. on Oct 01 ’24. At $12.58 per share, Carter, Cole G. sold 8,000 shares. The insider’s holdings dropped to 207,847 shares worth approximately $2.9 million following the completion of this transaction.
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Also, Carter, Cole G. purchased 8,000 shares, netting a total of over 100,800 in proceeds.
Before that, Carter, Cole G. had sold 8,000 shares from its account. In a trade valued at $106,240, the EVP,General Counsel, Secretary traded CoreCivic Inc shares for $13.28 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $3.01 million.
As published in a research note from Wedbush on June 11, 2024, CoreCivic Inc [CXW] has been rated down from an Outperform to a Neutral and the price target has been revised to $14 from $19. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid October. As of April 14, 2022, Wedbush has increased its “Neutral” rating to a “an Outperform” for CXW. Earlier on June 18, 2021, Wedbush initiated its rating. Their recommendation was “a Neutral” for CXW stock.
Analyzing CXW Stock Performance
During the last five days, there has been a surge of approximately 8.23%. Over the course of the year, CoreCivic Inc shares have dropped approximately -4.06%. Shares of the company reached a 52-week high of $16.54 on 06/03/24 and a 52-week low of $10.74 on 06/11/24. A 50-day SMA is recorded $13.04, while a 200-day SMA reached $14.09. Nevertheless, trading volume fell to 0.5 million shares from 0.41 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 13.80, which, if violated, would cause prices to drop to 13.65. In the upper region, resistance lies at 14.07. The next price resistance is at 14.19. RSI (Relative Strength Index) is 69.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.86, which suggests the price will decrease in the coming days. Percent R is at 8.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
