CoreCivic Inc (NYSE: CXW) stock closed at $11.86 on 6/11/24 after a major decline of -19.8%. Moreover, exceptionally high trading volume at 793% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -27.8% during the last week.
Current PriceTarget Research Rating
CXW is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
CoreCivic has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. CoreCivic has a neutral Appreciation Score of 52 but a good Power Rating of 84, triggering the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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