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 $576,680 were sold by Grande Anthony L on Nov 26 ’24. At $22.18 per share, Grande Anthony L sold 26,000 shares. The insider’s holdings dropped to 127,380 shares worth approximately $2.86 million following the completion of this transaction.
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Also, Emkes Mark A sold 16,000 shares, netting a total of over 363,200 in proceeds. Following the sale of shares at $22.70 each, the insider now holds 149,264 shares.
Before that, Lappin Harley G. had sold 6,318 shares from its account. In a trade valued at $137,480, the Director traded CoreCivic Inc shares for $21.76 each. Upon closing the transaction, the insider’s holdings decreased to 6,318 shares, worth approximately $1.32 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 4.75%. Over the course of the year, CoreCivic Inc shares have jumped approximately 54.78%. 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 $15.96, while a 200-day SMA reached $14.66. Nevertheless, trading volume fell to 1.67 million shares from 1.23 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 21.97, which, if violated, would cause prices to drop to 21.45. In the upper region, resistance lies at 22.99. The next price resistance is at 23.50. RSI (Relative Strength Index) is 71.71 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 56.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
