Corrections Corporation of America (CXW) : During the past 4 weeks, traders have been relatively bearish on Corrections Corporation of America (CXW), hence the stock is down -12.24% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.17% relative to the S&P 500. The 4-week change in the price of the stock is -6.31% and the stock has fallen -2.57% in the past 1 week.
Corrections Corporation of America (NYSE:CXW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.11 and $32.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.22, notching a gain of 0.56% for the day. The total traded volume was 1,263,898 . The stock had closed at $32.04 on the previous day.
The stock has recorded a 20-day Moving Average of 3.4% and the 50-Day Moving Average is 2.87%. Corrections Corporation of America is up 6.99% in the last 3-month period. Year-to-Date the stock performance stands at 25.61%.
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).