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 -18.59% 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 -5.15% relative to the S&P 500. The 4-week change in the price of the stock is -17.75% and the stock has fallen -5.09% in the past 1 week.
The stock has recorded a 20-day Moving Average of 12.31% and the 50-Day Moving Average is 16.48%. Corrections Corporation of America (NYSE:CXW): On Fridays trading session , Opening price of the stock was $27.4 with an intraday high of $27.58. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.145. However, the stock managed to close at $27.2, a loss of 0.69% for the day. On the previous day, the stock had closed at $27.39. The total traded volume of the day was 1,391,170 shares.
The company Insiders own 1.8% of Corrections Corporation of America shares according to the proxy statements. Institutional Investors own 91.4% of Corrections Corporation of America shares. During last six month period, the net percent change held by insiders has seen a change of -43.74%. Also, SunTrust Robinson Humphrey downgrades their rating on the shares of Corrections Corporation of America (NYSE:CXW). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 1, 2016.
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).