Is it Time to Dump Corecivic Inc (CXW) Stock After it Has Gained 9.33% in a Week?

The market has been high on Corecivic Inc (CXW) stock recently. CXW gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Corecivic Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CXW!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CXW Stock Today?

Corecivic Inc (CXW) stock is trading at $15.94 as of 10:35 AM on Thursday, Mar 21, an increase of $0.26, or 1.66% from the previous closing price of $15.68. The stock has traded between $15.60 and $16.21 so far today. Volume today is light. So far 328,972 shares have traded compared to average volume of 1,139,514 shares.

More About Corecivic Inc

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 Safety segment operates roughly 50 facilities and owns most of them. The Community segment owns and operates close to 30 residential reentry centers. The Properties segment owns approximately 15 properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the Safety segment. Its customers are primarily federal, state, and local government agencies. Commercial contracts are typically 3-5 years long with multiple renewal options. CoreCivic operated as a Real Estate Investment Trust until January 2021 when it was reorganized as a taxable C Corporation. Click Here to get the full Stock Report for Corecivic Inc stock.