CoreCivic falls after CEO resigns
CXW•CoreCivic shares fell 3% to $33.40 in premarket trading after CEO Patrick D. Swindle resigned for health reasons. The company appointed Lucibeth N. Mayberry as president, CEO and director.
1. Leadership change
Patrick D. Swindle resigned as CoreCivic’s president, CEO and board member due to health reasons. The company appointed Lucibeth N. Mayberry as president, CEO and director.
2. Shares and analyst ratings
CoreCivic shares were down 3% at $33.40 in premarket trading. All four brokerages covering the stock rated it “buy,” with a median price target of $42; shares were up 79.8% year to date as of the last close.
