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 $111,840 were sold by Carter, Cole G. on Nov 01 ’24. At $13.98 per share, Carter, Cole G. sold 8,000 shares. The insider’s holdings dropped to 199,847 shares worth approximately $4.41 million following the completion of this transaction.
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Also, Carter, Cole G. purchased 8,000 shares, netting a total of over 110,000 in proceeds.
Before that, Carter, Cole G. had sold 8,000 shares from its account. In a trade valued at $100,640, the EVP,General Counsel, Secretary traded CoreCivic Inc shares for $12.58 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $4.59 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 59.88%. Over the course of the year, CoreCivic Inc shares have jumped approximately 51.96%. Shares of the company reached a 52-week high of $22.35 on 11/07/24 and a 52-week low of $10.74 on 06/11/24. A 50-day SMA is recorded $13.50, while a 200-day SMA reached $14.13. Nevertheless, trading volume fell to 4.07 million shares from 6.54 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 19.24, which, if violated, would cause prices to drop to 16.39. In the upper region, resistance lies at 23.64. The next price resistance is at 25.19. RSI (Relative Strength Index) is 87.11 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.09, which suggests the price will increase in the coming days. Percent R is at 2.79%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
