Corrections Corporation of America (CXW) has been under a strong bear grip, hence the stock is down -13.77% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.52% in the past 1 week. The stock has risen by 4.07% in the past week indicating that the buyers are active at lower levels, but the stock is down -15.51% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.82% and the 50-Day Moving Average is 36.07%.The 200 Day SMA reached 43.38% Corrections Corporation of America has dropped 51.7% during the last 3-month period . Year-to-Date the stock performance stands at -37.16%.
Company shares have received an average consensus rating of Hold for the current week Corrections Corporation of America (NYSE:CXW): stock was range-bound between the intraday low of $16.02 and the intraday high of $17.23 after having opened at $16.27 on Fridays session. The stock finally closed in the red at $16.27, a loss of -0.49%. The stock remained in the red for the whole trading day. The total traded volume was 10,452,397 shares. The stock failed to cross $17.23 in Fridays trading. The stocks closing price on Thursday was $16.12.
Corrections Corporation of America (CCA) is a real estate investment trust (REIT). The Company is engaged in owning, operating and managing prisons and other correctional facilities, and providing residential, community re-entry, and prisoner transportation services for governmental agencies. In addition to providing fundamental residential services, the Companys facilities offer a variety of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. It also provides or makes available to offenders certain health care (including medical, dental and mental health services), food services, and work and recreational programs. The Companys customers consist of federal, state, and local correctional and detention authorities. The Company also provides transportation services to governmental agencies through its wholly owned TRS, TransCor America, LLC (TransCor).