CXW Stock Recent News

In a startling turn of events, CoreCivic Inc (NYSE:CXW) finds itself grappling with a significant downturn. On Tuesday, the stock plummeted over 20% in pre-market trading.

CoreCivic (NYSE: CXW ) stock is falling on Tuesday after the detention center company revealed that the U.S. government has ended a contract with it. CoreCivic notes that the U.S. government has terminated its contract for the South Texas Family Residential Center in Dilley, Texas.

BRENTWOOD, Tenn., June 10, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") received notification today from U.S. Immigration and Customs Enforcement ("ICE") that the agency intends to terminate an inter-governmental service agreement (“IGSA”) between CoreCivic and ICE for services at the South Texas Family Residential Center in Dilley, TX (the “Facility”) effective in 60 days, or on or about August 9, 2024.

BRENTWOOD, Tenn., April 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, May 8, 2024.

While political cycles are always difficult to predict, the challenge of finding stocks for the presidential election is slightly easier. How can that be, you might wonder?

Buying call options is a lot like (American) football. Sometimes, you run the ball up the middle.

CoreCivic, Inc. (CXW) Q4 2023 Earnings Call Transcript

CoreCivic recently reported better than expected quarterly revenue and signed new contracts for 2023, indicating potential future sales growth. The company's business model focuses on providing government solutions through three segments, including correctional facilities, rehabilitation programs, and real estate properties. CoreCivic's balance sheet appears stable, with a strong asset/liability ratio and sufficient liquidity, despite a significant amount of debt.

BRENTWOOD, Tenn., Oct. 18, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2023 third quarter financial results after the market closes on Monday, November 6, 2023.

CoreCivic, Inc. (NYSE:CXW ) Q2 2023 Earnings Conference Call August 8, 2023 11:00 AM ET Company Participants Cameron Hopewell – Managing Director-Investor Relations Damon Hininger – President and Chief Executive Officer David Garfinkle – Chief Financial Officer Brian Hammonds – Vice President-Finance Conference Call Participants Joe Gomes – NOBLE Capital Kirk Ludtke – Imperial Capital Brian Violino – Wedbush M. Marin – Zacks Edwin Groshans – Compass Point Research & Trading, LLC Operator Good morning.