CEO Damon Hininger sold 72,246 shares of CXW at $22.50 for $1,625,650.59, reducing holdings by 7.6%
Damon Hininger, CEO of CoreCivic, sold 72,246 shares at $22.50, well into the upper half of the 52-week range ($11.31–$23.94). His prior sale at this ticker in March 2024 realized a 90-day return of +6.6%, indicating that stock rose after his last sale — not a signal of prescient timing. Across his cross-ticker open-market history, his 90-day well-timed rate stands at 0.00%, with an average 90-day return of +6.6%, meaning his prior sells have consistently been followed by gains. The current sale reduces his stake from 951,570 shares to 879,324 shares, a material reduction of 7.6%, though he retains substantial ownership. At CoreCivic's current fundamentals—P/E of 28.71, recent quarterly revenue of $488.6M, and net income of $25.1M—the valuation is elevated relative to historical precedent.