CoreCivic director Thurgood Marshall Jr. sells $241,400 in shares
Thurgood Marshall Jr., a director at CoreCivic Inc., sold 7,100 shares of the company's common stock on August 13, 2026, for a total of $241,400. The sale price per share was $34.00. This transaction reduced Mr. Marshall Jr.'s direct ownership of CoreCivic common stock to 45,274 shares. CoreCivic shares were trading at $32.82 at the time of the sale, close to their 52-week high of $34.86.
The stock has experienced significant growth, with a 58% increase over the past year and a 73% rise over the last six months. However, the InvestingPro analysis suggests the stock is currently overvalued, placing it among the most overvalued stocks. Investors can access additional insights through 9 InvestingPro Tips for CoreCivic.
Recently, CoreCivic reported stronger-than-expected financial results for the second quarter of 2026, with adjusted earnings of $0.38 per share and revenue of $684.9 million, surpassing analysts' expectations. The company has also completed significant facility sales, improving liquidity and reducing debt levels. Furthermore, CoreCivic unveiled a $500 million accelerated share repurchase agreement, part of its $755.8 million share repurchase program, leaving $255.8 million available for future repurchases.
These developments illustrate CoreCivic's strategic financial moves to strengthen its financial position.
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