Shares of Corrections Corporation of America (NYSE:CXW) Sees Large Outflow of Money

Corrections Corporation of America (NYSE:CXW) : Net money flow in Corrections Corporation of America (NYSE:CXW) was negative ($0.61 million) and the inflow of money on uptick was $0.16 million, whereas, the outflow of money on downticks amounted to $0.78 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.21. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $0 million. The money flow in block trades was negative ($0). Corrections Corporation of America (NYSE:CXW) gained $0.44 cent during the day and reached $34.75, a gain of 1.29% over the previous day.


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. Currently the company Insiders own 1.8% of Corrections Corporation of America shares according to the proxy statements. Institutional Investors own 90.99% of Corrections Corporation of America shares. During last six month period, the net percent change held by insiders has seen a change of -40.6%.

The company shares have rallied 5.00% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $35.48 and the one year low was seen on Nov 16, 2015. The 50-Day Moving Average price is $33.69 and the 200 Day Moving Average price is recorded at $30.52. Corrections Corporation of America (NYSE:CXW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.54 and $34.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.72, notching a gain of 1.19% for the day. The total traded volume was 1,088,460 . The stock had closed at $34.31 on the previous day.

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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