Corecivic Inc (CXW) stock is up 19.71% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With CXW Stock Today?
Corecivic Inc (CXW) stock has gained 7.77% while the S&P 500 is lower by -2.37% as of 3:26 PM on Thursday, Feb 25. CXW has gained $0.60 from the previous closing price of $7.73 on volume of 5,557,095 shares. Over the past year the S&P 500 is up 22.51% while CXW is lower by -47.51%. CXW earned $0.45 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 18.58.
More About Corecivic Inc
CoreCivic Inc is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. It provides solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions. The company is an owner of partnership correctional, detention, and residential reentry facilities, and also the private owner of real estate used by U.S. government agencies. The company has been a flexible and dependable partner for the government for more than thirty-five years.