Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. At the time of publication, the author held no positions in the stocks mentioned. The price has fallen in 7 of the last 10 days and is down by -4.86% for this period. Click here now for details. CoreCivic, Inc. is a real estate investment trust which provides correctional, detention and residential reentry facilities. Shares of prison operator Corrections Corp. of America (CXW) - Get Report have fallen off a cliff, so some investors may be wondering whether the stock is now a buying opportunity or has become toxic. NYSE and AMEX data is at least 20 minutes delayed. In the last day the trading volume fell by -24 thousand shares and in total 986 thousand shares were bought and sold for approximately $7.54 million. Close price at the end of the last trading day (Monday, 19th Oct 2020) of the CXW stock was $7.64. The news hit not only shares of Corrections Corp. of America but also those of The GEO Group (GEO) - Get Report , which are down 41% in the past month. Our recommended stop-loss: Although the Department of Justice decision is bound to affect these companies' businesses, it's important to note that the announcement affects only facilities in the federal Bureau of Prisons system. While the Justice Department opines that privately run facilities are less safe and less effective than those operated by federal or state governments, federal and state facilities have shortcomings, too. See all REIT and Equity Trust - Other Peers. If the lower trend floor at $7.31 is broken, it will firstly indicate a stronger fall rate. Stock analysis for CoreCivic Inc (CXW:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Given the current short-term trend, the stock is expected to fall -14.44% during the next 3 months and, with a 90% probability hold a price between $6.25 and $7.70 at the end of this 3-month period. During the day the stock fluctuated 6.04% from a day low at $7.95 to a day high of $8.43. CoreCivic Announces 2020 Third Quarter Earnings Release and Conference Call D.. CoreCivic Enters Into New Management Contract with the United States Marshals.. CoreCivic Announces Participation in Noble Capital Markets Virtual Road Show .. CoreCivic Enters Into New Management Contract with the State of Idaho. Terms of Use and Privacy Policy. featured in The Global Fintech Index 2020 as the top Fintech company of the country. liable for your own investment decisions and agree to Data is currently not available. For the last week, the stock has had daily average volatility of 2.92%. By using the site you agree and are held The correction has made Corrections Corp. of America stock an extremely attractive value play. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The correction has made Corrections Corp. of America stock an extremely attractive value play. +0.12 (+1.53%) CLOSED AT 4:00 PM ET ON Oct 15, 2020. On corrections up, there will be some resistance from the lines at $7.81 and $8.49. Real time prices by BATS. We are all together in this COVID-19 pandemic. There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.53% per year. For a limited time, he's guaranteeing you $67,548 per year in profitable trades if you follow his simple step-by-step process. Further fall is indicated until a new bottom pivot has been found. It designs, constructs, owns, manages and renovates jails, prisons, government agencies and inmate transportation companies. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 52 week high for Corrections Corporation of America $17.90 and the low $7.82. This article is commentary by an independent contributor. featured in The Global Fintech Index 2020 as the top Fintech company of the country. It trades at a price-to-cash flow ratio of 5.2 , at a … This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. CoreCivic, Inc., formerly known as Corrections Corporation of America, is based in Nashville, Tennessee. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. All users should speak with their financial advisor before buying or selling any securities. Please read the full disclaimer here. Search. The Corrections Corporation of America stock fell by -1.55% in the last day (Monday, 19th Oct 2020) from $7.76 to $7.64. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day! 90 day high was $10.14 and the low was $7.82. During the day the stock fluctuated 3.22% from a day low at $7.62 to a day high of $7.87. The latest closing stock price for Corrections Of America as of May 11, 2020 is 11.65. NASDAQ data is at least 15 minutes delayed. The prison operator was recently restructured as a Real Estate Investment Trust with plenty of opportunity to return value to shareholders. Terms of Use and Privacy Policy. The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. In 1983, our company became the first to provide privatized prison, jail, and detention services. While the Bureau of Prisons will decide whether to extend these contracts toward the end of their contract terms, these contracts account for approximately $131.2 million in annual revenue, or about 7% of Corrections Corp. of America's total annual revenue. By using the site you agree and are held A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. All users should speak with their financial advisor before buying or selling any securities. These returns cover a period from January 1, 1988 through August 31, 2020. Thanks to President Donald Trump, America's private prisons appear to be entering a gold age. $7.94. "StockInvest.us" is a research service that provides financial data and technical analysis of publicly traded stocks. This is 1.55% less than the trading day before Friday, 16th Oct 2020. The price has fallen in 7 of the last 10 days and is down by -6.62% for this period. CCA is America's leader in partnership corrections. Corrections Corporation of America holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. Its business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community. The Corrections Corporation of America surged by 60 percent before falling back to a 34 percent jump and GEO Group Inc. was up by 18 percent. 30 day high of the CXW stock price was $9.59 and the low was $7.82. Please read the full disclaimer here. On Aug. 18, media outlets reported that in a memo U.S. Deputy Attorney General Sally Yates had instructed officials to either decline to renew contracts for private prison operators or "substantially reduce" their scope. The value proposition for Corrections Corp. of America is thus intact. Corrections Corporation of America stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news. Real-time data provided for free by IEX. Corrections Corp. has said that such facilities make up just 7% of its business. Zacks Ranks stocks can, and often do, change throughout the month. During the day the stock fluctuated 3.22% from a day low at $7.62 to a day high of $7.87. Presently, the contracts at the three facilities Corrections Corp. of America operates on behalf of the Bureau of Prisons remain unchanged. Analysts at Canaccord Genuity said the selloff was overdone, adding that there was only about 9% Bureau of Prisons risk for Corrections Corp. of America and about 11% for The GEO Group. Nasdaq 100. View IEX’s Terms of Use. This is why we are offering FREE 14 days TRIAL SUBSCRIPTIONS with no further commitments. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Visit performance for information about the performance numbers displayed above. We hold a sell evaluation for this stock. The … Users should not base their investment decision upon "StockInvest.us". CoreCivic, Inc. Common Stock (CXW) Nasdaq Listed. Let's look at the details, however, and see whether the stock's selloff is truly warranted or whether you should scoop up shares now. Shares have plummeted 50% in the past month, and the primary catalyst was the recent announcement by the U.S. Department of Justice that it plans to end the use of private prisons. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day! Even if we assume a dividend cut in Corrections Corp. of America shares linked to a small business loss, the dividend would still be respectable. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Visit www.zacksdata.com to get our data and content for your mobile app or website. It owns or controls 74 correctional, detention and re-entry facilities. It trades at a price-to-cash flow ratio of 5.2, at a steep discount to peers such The GEO Group (16.2). Corrections Corp. of America has become the nation's largest owner of partnership correctional, detention, and residential re-entry facilities. No stop-loss set. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.This signal is rare and, in most cases, gives substantial returns. We are all together in this COVID-19 pandemic. Real-time data provided for free by IEX. The Corrections Corporation of America stock holds sales signals from both short and long-term moving averages. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. UNCH. View Corrections Corp. Of America CXW investment & stock information. Get the latest Corrections Corp. Of America CXW detailed stock quotes, stock data, Real-Time ECN, charts, stats and more.
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