Northland Securities Sticks to Their Buy Rating for CoreCivic (CXW)
TipRanks (Tue, 26-Mar 9:15 AM ET)
CoreCivic to Redeem 8.250% Senior Notes Due 2026
Globe Newswire (Fri, 15-Mar 4:15 PM ET)
Globe Newswire (Tue, 12-Mar 1:21 PM ET)
Globe Newswire (Thu, 7-Mar 4:15 PM ET)
EDM Media (Tue, 5-Mar 10:36 PM ET)
CoreCivic Announces Upsizing and Pricing of $500 Million 8.25% Senior Notes Due 2029
Globe Newswire (Tue, 5-Mar 6:12 PM ET)
Globe Newswire (Mon, 4-Mar 2:24 PM ET)
CoreCivic Announces Proposed $450 Million Senior Notes Offering
Globe Newswire (Mon, 4-Mar 2:12 PM ET)
CoreCivic Reports Fourth Quarter and Full Year 2023 Financial Results
Globe Newswire (Wed, 7-Feb 4:15 PM ET)
CoreCivic Announces 2023 Fourth Quarter Earnings Release and Conference Call Dates
Globe Newswire (Tue, 16-Jan 8:00 AM ET)
CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Community segment owns and operates residential reentry centers. The Properties segment owns properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the CoreCivic Safety segment which consists of correctional and detention facilities that are owned, or controlled via a long-term lease, and managed by the company, as well as those correctional and detention facilities owned by third parties but managed by CoreCivic.
Corecivic trades on the NYSE stock market under the symbol CXW.
As of March 28, 2024, CXW stock price climbed to $15.84 with 149,149 million shares trading.
CXW has a beta of 0.46, meaning it tends to be less sensitive to market movements. CXW has a correlation of 0.04 to the broad based SPY ETF.
CXW has a market cap of $1.78 billion. This is considered a Small Cap stock.
In the last 3 years, CXW stock traded as high as $16.24 and as low as $6.88.
The top ETF exchange traded funds that CXW belongs to (by Net Assets): IJR, VTI, IWM, VB, VBR.
CXW has outperformed the market in the last year with a price return of +74.3% while the SPY ETF gained +33.7%. However, in the short term, CXW had mixed performance relative to the market. It has underperformed in the last 3 months, returning +8.3% vs +10.2% return in SPY. But in the last 2 weeks, CXW shares have fared better than the market returning +7.3% compared to SPY +1.7%.
CXW support price is $15.31 and resistance is $15.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CXW stock will trade within this expected range on the day.