CoreCivic director John R. Prann Jr. sells $966,300 in shares By Investing.com

John R. Prann Jr., a director at CoreCivic, Inc. (), disposed of 30,000 shares of common stock on August 14, 2026. The transaction was valued at a total of $966,300.

The shares were sold at a weighted average price of $32.21 per share. The individual sale prices for these shares ranged from $32.11 to $32.34. The sale comes as CoreCivic shares have surged 72% year-to-date, trading near their 52-week high of $34.86. Following this transaction, Mr. Prann Jr. directly holds 70,396 shares of CoreCivic common stock.According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. The platform offers additional insights, including 10 exclusive ProTips and comprehensive Pro Research Reports for CXW and over 1,400 US equities.

In other recent news, CoreCivic reported its second-quarter 2026 earnings, surpassing Wall Street expectations. The company achieved adjusted earnings of $0.38 per share, exceeding analyst projections of $0.33. Revenue for the quarter reached $684.9 million, also beating the forecasted $615.79 million. These results were accompanied by strategic moves, including significant facility sales that enhanced liquidity and reduced debt. In addition to its earnings report, CoreCivic announced a $500 million accelerated share repurchase agreement. This buyback is part of an existing $755.8 million program, leaving $255.8 million available for future repurchases. These developments highlight CoreCivic’s recent financial maneuvers and strategic decisions.

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