Analyst Rating Update on Corrections Corporation of America (CXW)

Corrections Corporation of America (NYSE:CXW) : 1 brokerage houses believe that Corrections Corporation of America (NYSE:CXW) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Corrections Corporation of America (NYSE:CXW). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 2 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Company shares have received an average consensus rating of Hold for the current week

Corrections Corporation of America (NYSE:CXW): stock turned positive on Tuesday. Though the stock opened at $34.6, the bulls momentum made the stock top out at $34.85 level for the day. The stock recorded a low of $34.28 and closed the trading day at $34.85, in the green by 1.28%. The total traded volume for the day was 734,410. The stock had closed at $34.41 in the previous days trading.

In an insider trading activity,The director officer (Executive Chairman) of Corrections Corp Of America, Ferguson John D sold 60,000 shares at $32.16 on March 28, 2016. The Insider selling transaction had a total value worth of $1,929,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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).

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