CoreCivic Inc’s recently made public that its Director Emkes Mark A unloaded Company’s shares for reported $0.36 million on Nov 22 ’24. In the deal valued at $22.70 per share,16,000 shares were sold. As a result of this transaction, Emkes Mark A now holds 149,264 shares worth roughly $3.28 million.
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Then, Lappin Harley G. sold 6,318 shares, generating $137,480 in total proceeds. Upon selling the shares at $21.76, the Director now owns 58,911 shares.
Before that, Churchill David K sold 34,301 shares. CoreCivic Inc shares valued at $754,622 were divested by the Chief Human Resources Officer at a price of $22.00 per share. As a result of the transaction, Churchill David K now holds 179,755 shares, worth roughly $3.95 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 fall -0.18% to $21.97. Over the last five days, the stock has gained 3.93%. CoreCivic Inc shares have risen nearly 51.20% since the year began. Nevertheless, the stocks have risen 53.64% 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 $15.60, while 200 days put it at $14.58.
Levels Of Support And Resistance For CXW Stock
The 24-hour chart illustrates a support level at 21.63, which if violated will result in even more drops to 21.28. On the upside, there is a resistance level at 22.40. A further resistance level may holdings at 22.82. The Relative Strength Index (RSI) on the 14-day chart is 69.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.57%. Stochastics %K at 71.00% indicates the stock is a holding.
How much short interest is there in CoreCivic Inc?
A steep rise in short interest was recorded in CoreCivic Inc stocks on 2024-10-31, dropping by -0.84 million shares to a total of 3.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.09 million shares. There was a decline of -25.76%, 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.
