The $3.99M sale by the Chief Innovation Officer is the dominant signal, but as a single EVP sale it carries less weight than a C-suite cluster. Monitor for any subsequent Form 4 filings or 8-Ks that might explain the sale (e.g., personal liquidity, tax planning, or a pending corporate event). The 88% bullish analyst consensus and strong institutional accumulation (5 funds doubled positions) provide a counterbalance. The stock's recent strong performance (avg +5.6% T+20 on prior reports) suggests the market has been rewarding CXW, but this insider selling warrants caution for short-term traders.
Price Chart
Executive Summary
Three CoreCivic insiders, including the CFO and Chief Innovation Officer, sold a combined $4.38M in open-market sales over a 7-day window. The $3.99M sale by the Chief Innovation Officer accounts for 91% of the total and represents ~0.13% of the company's $3.3B market cap, which is a modest but notable insider liquidation. The CFO also made a small gift of shares. The cluster is dominated by a single large sale from an EVP, not a coordinated C-suite exit, and the dollar amount relative to market cap is below the 0.5% threshold for significant materiality. The historical performance on CXW reports is strong (avg +5.62% at T+20, 67% win rate), but this cluster of sells is not amplified by the calibration data, which shows weak predictive power for insider sales. The filing is neutral to slightly bearish given the modest proportionality and the lack of a clear catalyst for the sales.
Key Financial Metrics
Key Facts
- CFO David Garfinkle sold ~$125K in open-market sales and gifted 600 shares
- EVP & Chief Innovation Officer Lucibeth Mayberry sold $3.99M in a single transaction
- Director Devin Murphy sold $274K
- Total insider sales of $4.38M represent ~0.13% of CXW's $3.3B market cap
- No 10b5-1 plan or pre-arranged trading pattern is evident from the data
Financial Impact
Total insider sales of $4.38M, or ~0.13% of market cap, concentrated in one EVP's $3.99M sale
Risk Factors
- Insider sales may indicate a peak in management's confidence about near-term prospects
- The $3.99M sale by the Chief Innovation Officer could be followed by additional sales from other executives
- No clear catalyst for the sales increases uncertainty about management's motives
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CXW-1786659902170 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | Insider Cluster | $32.72 $32.25 | ▼ −1.44% | ▼ −1.75% | $32.49 (−0.70%) |
Aug 26, 2026 5w ago | Insider Cluster | $33.79 $34.36 | ▼ −1.69% | ▼ −2.20% | $32.49 (+3.85%) |
Aug 26, 2026 5w ago | Insider Cluster | $33.99 $34.36 | ▼ −1.09% | ▼ −0.86% | $32.49 (+4.41%) |
Aug 25, 2026 5w ago | Insider Cluster | $33.14 $32.28 | ▲ +2.60% | ▲ +3.57% | $32.49 (+1.96%) |
Aug 21, 2026 6w ago | Insider Cluster | $34.01 $32.41 | ▲ +4.70% | ▲ +4.18% | $32.49 (+4.47%) |
Aug 18, 2026 6w ago | Insider Cluster | $31.99 $35.54 | ▼ −11.10% | ▼ −13.05% | $32.49 (−1.56%) |
Aug 17, 2026 6w ago | Insider Cluster | $32.40 $34.93 | ▲ +7.81% | ▲ +9.55% | $32.49 (+0.28%) |
Aug 14, 2026 7w ago | Insider Cluster | $33.58 $35.38 | ▼ −5.36% | ▼ −7.34% | $32.49 (+3.25%) |
Aug 14, 2026 7w ago | Institutional Cluster | $32.82 $34.23 | ▲ +4.30% | ▲ +6.29% | $32.49 (−1.01%) |
Aug 13, 2026 7w ago | Insider Cluster | $32.82 $34.23 | ▲ +4.30% | ▲ +6.29% | $32.49 (−1.01%) |
US Market Status
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