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Keeping an Eye on CoreCivic Inc (CXW) After Insider Trading Activity

CoreCivic Inc’s recent filing unveils that its Director MARSHALL THURGOOD JR unloaded Company’s shares for reported $0.11 million on Dec 09 ’24. In the deal valued at $21.37 per share,5,000 shares were sold. As a result of this transaction, MARSHALL THURGOOD JR now holds 41,925 shares worth roughly $0.89 million.

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Then, Hylton Stacia sold 1,800 shares, generating $38,466 in total proceeds. Upon selling the shares at $21.37, the Director now owns 78,871 shares.

Before that, STACIA A HYLTON bought 1,800 shares. CoreCivic Inc shares valued at $38,466 were divested by the Director at a price of $21.37 per share.

Wedbush upgraded its CoreCivic Inc [CXW] rating to an Outperform from a a Neutral in a research note published on December 10, 2024; the price target was increased to $30 from $19. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in mid June from “an Outperform” to “a Neutral”. Northland Capital began covering CXW with “an Outperform” recommendation on October 19, 2023. Wedbush revised its rating on April 14, 2022. It rated CXW as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of CXW

On Monday, CoreCivic Inc [NYSE:CXW] saw its stock jump 1.44% to $21.15. Over the last five days, the stock has lost -2.76%. CoreCivic Inc shares have risen nearly 45.56% since the year began. Nevertheless, the stocks have risen 44.96% 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 $18.98, while 200 days put it at $15.25.

Levels Of Support And Resistance For CXW Stock

The 24-hour chart illustrates a support level at 20.79, which if violated will result in even more drops to 20.42. On the upside, there is a resistance level at 21.52. A further resistance level may holdings at 21.88. The Relative Strength Index (RSI) on the 14-day chart is 52.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.82%. Stochastics %K at 26.75% 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 2024-11-29, growing by 0.28 million shares to a total of 3.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.25 million shares. There was a rise of 7.92%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on June 18, 2021 when Wedbush began covering the stock and recommended ‘”a Neutral”‘ rating along with a $10.85 price target.

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