CoreCivic President & COO Patrick D. Swindle sold 23,000 shares ($514,970) on 2025-05-20 at $22.39
Patrick D. Swindle, President & COO of CoreCivic, executed a single sale of 23,000 shares at $22.39, reducing his holdings from 264,630 to 241,630 shares (a -8.7% decrease). The stock currently trades at $22.40, just 1 cent above the transaction price, and sits -6.4% below its 52-week high of $23.94. Over the prior 90 days, the stock has appreciated +24.3%, bringing it from depressed levels earlier in the year. The company's fundamentals show stable growth with annual revenue increasing +3.4% to $488.6M and net income of $25.1M, supporting a market cap of $2.4B, though the P/E of 29.09 reflects relatively stretched valuations. The sale represents a material reduction in the executive's equity stake and occurs in the context of strong recent price momentum, warranting tracking of whether this signals a shift in management's outlook or simply reflects portfolio rebalancing.