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Tuesday, January 31, 2023

Is CoreCivic Inc. (NYSE: CXW) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for CoreCivic Inc. (CXW) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.51, or 4.52%, to $11.79. The CoreCivic Inc. has recorded 13,062 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that CXW: Potential Upcoming Catalysts Include Pending Senior Note Redemption.

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Stocks Info

CoreCivic Inc. is listed on the NYSE in the Real Estate sector while operating in the REIT – Specialty industry. At the end of the last regular session, the stock closed at $11.28 and fluctuated between $11.60 as its day high and $11.28 as its day low. The current market capitalization of CoreCivic Inc. is $2.60B. A total of 0.61 million shares were traded on the day, compared to an average of 1.03M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CXW has seen 0 BUY and 5 SELL insider trades, representing the acquisition of 0 and the disposition of 121,452 shares. Over the last 12 months, there were 33 BUYs and 28 SELLs from insiders. Insiders purchased 1,074,414 shares during that period but sold 577,036.

In the most recent transaction, Lappin Harley G. sold 2,000 shares of CXW for 11.48 per share on Dec 16. After the transaction, the Director now owns 71,475 company shares. In a previous transaction on Dec 15, Carter, Cole G. sold 5,000 shares at 11.62 per share. CXW shares that EVP,General Counsel, Secretary owns now total 197,250.

Among the insiders who sold shares, GARFINKLE DAVID disposed of 7,500 shares on Dec 15 at a per-share price of $11.61. This resulted in the EVP & Chief Financial Officer holding 331,687 shares of CXW after the transaction. In another insider transaction, Grande Anthony L sold 30,000 shares at $11.53 per share on Nov 15. Company shares held by the EVP, Chief Development Officer now total 152,797.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. CXW’s most recent ex-dividend date was 3/31/2020 when it declared a $0.44 quarterly dividend that was paid in cash on 4/15/2020. Previously, the company paid the dividend on 1/15/2020 with an ex-dividend date of 1/3/2020. The CXW stock dividend was $0.44 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CXW in the last 3 months, the mean price target is $16.07 with high estimates of $18.20 and low estimates of $15.00. In terms of 52-week highs and lows, CXW has a high of $14.24 and a low of $8.39.

As of this writing, CXW has an earnings estimate of $0.45 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.62 per share and a lower estimate of $0.11. The company reported an EPS of $0.16 in the last quarter, which was -20.00% lower than expectations of $0.2.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CXW is Buy with a score of 5.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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