On Tuesday, Shares of Corrections Corp Of America (NYSE:CXW), subtract -1.61% and closed at $13.45 in the last trading session. CXW stock opened its last trade at $13.72 and after floating in a range of $13.35 to $13.78. The company’s Market capitalization is $1.54 Billion with the total Outstanding Shares of 117.52 million. During the 52-week trading session the minimum price at which share price traded, registered at $13.04 and reached to max level of $35.05. The Earnings per Share of the company stands at $1.72. Corrections Corporation of America (CXW) shares extended their gains Tuesday on word that a Texas facility would extend their contract.
Shares spiked Monday after the company stated it is extending and amending a contract with Immigration and Customs Enforcement for the 2,400-bed South Texas Family Center in Dilley, Texas.
Corrections Corp. shares closed at $14.55 on Tuesday, up 20 cents, or about 1.4 percent.
The contract will extend through 2021, thought ICE will pay a lower monthly fixed rate to the company. The agreement is subject to termination upon 60-day notice.
The move “removed some uncertainty” about the company’s future relationship with government agencies, according to a note SunTrust analysts Tobey Sommer and Kwan Kim.
In the same note, Sommer and Kim said “the volume of illegal immigrant families detained at the southwest border raised >80% YoY in September, so the basic building block of demand for this service seems to be robust, in our view.
Shares of Cliffs Natural Resources Inc (NYSE:CLF), gained 2.12 % and closed at $5.78 in the last trading session. CLF stock opened its last trade at $5.76 and after floating in a range of $5.65 to $5.82. The company’s Market capitalization is $1.40 Billion with the total Outstanding Shares of 228.31 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.20 and reached to max level of $8.45. The Earnings per Share of the company stands at $0.63. Cliffs Natural Resources Inc., a mining and natural resources company, produces and supplies iron ore. The company operates five iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia, which produces lump and fines iron ore. It also own two iron ore mines in Eastern Canada. Cliffs Natural Resources Inc. sells its iron products to integrated steel companies and steel producers in the United States, China, Canada, and internationally.