Shares of Corrections Corporation of America (CXW) Sees Large Inflow of Net Money Flow

Corrections Corporation of America (CXW) : $8.01 million worth of transactions were on upticks in Corrections Corporation of America (CXW), compared to $6.25 million on downticks. The ratio between the two was 1.28, whereas, the net money flow stood at a healthy $1.76 million on Wednesdays session.The block trades show a bullish bias with only $0.42 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $1.39million worth of trades. The up-down ratio between the uptick and downtick was 3.34, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $0.97 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -1.39%. The stock was trading at $14.58, with a drop of $0.21 over the previous days close. The stock recorded -8.33% for the week.


Corrections Corporation of America has lost 7.01% in the last five trading days and dropped 13.04% in the last 4 weeks. Corrections Corporation of America has dropped 57.95% during the last 3-month period . Year-to-Date the stock performance stands at -43.08%.

Corrections Corporation of America (CXW) has an average broker rating of 3, which is interpreted as a Hold, as rated by 2 equity analysts. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Corrections Corporation of America (NYSE:CXW): stock was range-bound between the intraday low of $14.49 and the intraday high of $15.15 after having opened at $14.99 on Wednesdays session. The stock finally closed in the red at $14.99, a loss of -1.22%. The stock remained in the red for the whole trading day. The total traded volume was 6,800,769 shares. The stock failed to cross $15.15 in Wednesdays trading. The stocks closing price on Thursday was $14.78.

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).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *