CoreCivic's chief HR officer sells $759,879 in stock

BRENTWOOD, Tenn.—David K. Churchill, Chief Human Resources Officer at CoreCivic, Inc. (NYSE:CXW), a $2.06 billion market cap corrections facility operator that has seen its stock surge nearly 48% over the past six months, sold 39,639 shares of the company's common stock on February 13, 2025. The shares were sold at an average price of $19.17, amounting to a total transaction value of approximately $759,879.

Following this sale, Churchill holds 140,116 shares directly. The transaction was executed over multiple trades, with prices ranging from $19.16 to $19.21. The weighted average price is reported as $19.17. Churchill has committed to providing full details of the transactions upon request to the SEC or any security holder of the issuer.

In other recent news, CoreCivic has been the subject of a series of noteworthy developments. CoreCivic's stock rating has been upgraded from Market Perform to Outperform by Noble Capital, which set a new price target of $25.00. The research firm predicts significant growth opportunities for the company due to the changing political landscape. Similarly, an analyst from Wedbush upgraded CoreCivic's rating from Neutral to Outperform, with an increased price target of $30.00, due to the potential reactivation of a significant ICE detention contract.

In addition to these upgrades, CoreCivic announced the appointment of Patrick Swindle as President and Chief Operating Officer. Swindle, a long-time company member, will take over from Damon T. Hininger, who will continue as CEO. This leadership change comes as CoreCivic anticipates a period of rapid growth.

The company's growth potential is further underscored by recent policy changes. The revocation of previous orders from the Biden administration by President Trump is anticipated to increase the demand for detention facilities managed by companies like CoreCivic. These developments indicate a potentially favorable business environment for CoreCivic in the near future.

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