CXW - CoreCivic EVP & Chief Financial Officer Sold $456K In Company Stock | Benzinga
DAVID GARFINKLE, EVP & Chief Financial Officer at CoreCivic (NYSE:CXW), disclosed an insider sell on May 22, according to a recent SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that GARFINKLE sold 30,000 shares of CoreCivic. The total transaction amounted to $456,915.
CoreCivic shares are trading down 0.38% at $15.58 at the time of this writing on Thursday morning.
About CoreCivic
CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Community segment owns and operates residential reentry centers. The Properties segment owns properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the CoreCivic Safety segment which consists of correctional and detention facilities that are owned, or controlled via a long-term lease, and managed by the company, as well as those correctional and detention facilities owned by third parties but managed by CoreCivic.
CoreCivic's Economic Impact: An Analysis
Revenue Growth: Over the 3 months period, CoreCivic showcased positive performance, achieving a revenue growth rate of 9.32% as of 31 March, 2024. This ...