The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CoreCivic Inc shares valued at $754,622 were sold by Churchill David K on Nov 19 ’24. At $22.00 per share, Churchill David K sold 34,301 shares. The insider’s holdings dropped to 179,755 shares worth approximately $3.92 million following the completion of this transaction.
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Also, Lappin Harley G. purchased 35,000 shares, netting a total of over 740,600 in proceeds.
Before that, Churchill David K had added 34,301 shares to its account. In a trade valued at $751,164, the Officer bought CoreCivic Inc shares for $21.90 each.
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 1.73%. Over the course of the year, CoreCivic Inc shares have jumped approximately 50.03%. Shares of the company reached a 52-week high of $24.99 on 11/08/24 and a 52-week low of $10.74 on 06/11/24. A 50-day SMA is recorded $15.25, while a 200-day SMA reached $14.51. Nevertheless, trading volume fell to 0.7 million shares from 0.73 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 21.38, which, if violated, would cause prices to drop to 20.97. In the upper region, resistance lies at 22.05. The next price resistance is at 22.31. RSI (Relative Strength Index) is 69.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.35, which suggests the price will increase in the coming days. Percent R is at 25.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
