CoreCivic Inc’s recent filing unveils that its EVP,General Counsel, Secretary Carter, Cole G. unloaded Company’s shares for reported $0.11 million on Nov 01 ’24. In the deal valued at $13.98 per share,8,000 shares were sold. As a result of this transaction, Carter, Cole G. now holds 199,847 shares worth roughly $4.78 million.
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Then, Carter, Cole G. bought 8,000 shares, generating $110,000 in total proceeds.
Before that, Carter, Cole G. sold 8,000 shares. CoreCivic Inc shares valued at $100,640 were divested by the EVP,General Counsel, Secretary at a price of $12.58 per share. As a result of the transaction, Carter, Cole G. now holds 207,847 shares, worth roughly $4.98 million.
Wedbush downgraded its CoreCivic Inc [CXW] rating to a Neutral from a an Outperform in a research note published on June 11, 2024; the price target was decreased to $14 from $19. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. Wedbush also remained covering CXW and has increased its forecast on April 14, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. Wedbush started covering the stock on June 18, 2021. It rated CXW as “a Neutral”.
Price Performance Review of CXW
On Monday, CoreCivic Inc [NYSE:CXW] saw its stock jump 6.31% to $23.94. Over the last five days, the stock has gained 81.50%. CoreCivic Inc shares have risen nearly 64.76% since the year began. Nevertheless, the stocks have risen 74.87% over the past one year. While a 52-week high of $24.99 was reached on 11/08/24, a 52-week low of $10.74 was recorded on 06/11/24. SMA at 50 days reached $13.89, while 200 days put it at $14.22.
Levels Of Support And Resistance For CXW Stock
The 24-hour chart illustrates a support level at 23.55, which if violated will result in even more drops to 23.15. On the upside, there is a resistance level at 24.59. A further resistance level may holdings at 25.23. The Relative Strength Index (RSI) on the 14-day chart is 89.17, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.52%. Stochastics %K at 89.56% indicates the stock is a selling.
How much short interest is there in CoreCivic Inc?
A steep rise in short interest was recorded in CoreCivic Inc stocks on 2024-10-15, dropping by -0.94 million shares to a total of 3.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.42 million shares. There was a decline of -26.88%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 16, 2020 when Noble Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $20 price target.
