CoreCivic (CXW) Shares Soar 6.93% on Facility Reopening

CoreCivic (CXW) shares surged 6.93%, reaching their highest level since January 2025, with an intraday gain of 12.49%.

CoreCivic, Inc. (CXW) has resumed operations at the South Texas facility, which has positive implications for the company. This resumption of operations has contributed to an increase in the stock price, reflecting the market's positive response to the company's operational improvements.

Additionally, Sierra Summit Advisors LLC acquired a new position in CoreCivic, Inc. during the fourth quarter. This acquisition indicates investor confidence in the company's future prospects, potentially impacting the stock price positively. The move by Sierra Summit Advisors LLC suggests that institutional investors are bullish on CoreCivic's growth potential, further driving the stock's upward trajectory.