CXW Stock Summary and Trading Ideas (Corecivic | NYSE:CXW)

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 April 18, 2024, CXW stock price declined to $14.70 with 614,092 million shares trading.

CXW has a beta of 0.50, 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 $1.66 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 $7.37.

The top ETF exchange traded funds that CXW belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

CXW has outperformed the market in the last year with a return of +60.0%, while the SPY ETF gained +22.3%. In the last 3 month period, CXW beat the market returning +8.7%, while SPY returned +6.1%. However, in the most recent 2 weeks CXW has underperformed the stock market by returning -4.4%, while SPY returned -3.8%.

CXW support price is $14.53 and resistance is $15.21 (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.