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CoreCivic, Inc. (NYSE:CXW), a $2.25 billion market cap company that has seen its stock surge 64.5% over the past six months, reported that Cole G. Carter, the company’s Executive Vice President, General Counsel, and Secretary, executed a sale of 8,000 shares of common stock on April 1, 2025. The shares were sold at a price of $20.08 each, amounting to a total transaction value of $160,640. Following this transaction, Carter holds 222,872 shares of CoreCivic. The sale was conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks. According to InvestingPro data, the company maintains strong financial health with a "GOOD" overall score, and analysts have set price targets ranging from $25 to $32 per share. For deeper insights into insider trading patterns and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, CoreCivic has announced a significant development in its operations, as it will resume managing the South Texas Family Residential Center under a new agreement with U.S. Immigration and Customs Enforcement. This arrangement is expected to generate approximately $180 million in annual revenue for CoreCivic once fully operational, with financial impacts anticipated to begin in the second quarter of 2025. Additionally, Noble Capital has upgraded CoreCivic’s stock rating from Market Perform to Outperform, citing substantial growth opportunities and setting a price target of $25.00. The research firm sees potential for significant expansion due to political shifts in the United States.
In another development, CoreCivic has expanded its Board of Directors by appointing three new independent members, bringing the board’s size to fourteen directors. The new board members, Dawn Smith, Stacey Tank, and Nina Tran, bring diverse expertise in corporate law, leadership, and financial management. Meanwhile, recent executive actions by President Donald Trump, including the revocation of previous immigration orders, are expected to increase demand for detention facilities managed by CoreCivic. These actions, which include suspending refugee resettlement and terminating certain migration programs, have led to a positive market response for CoreCivic. The company’s readiness to meet increased demand from federal government partners has been emphasized by its leadership.
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