Corrections Corporation Of America (CXW): Today's Featured Diversified Services Laggard

Corrections Corporation of America ( CXW) pushed the Diversified Services industry lower today making it today's featured Diversified Services laggard. The industry as a whole closed the day up 1.2%. By the end of trading, Corrections Corporation of America fell $0.43 (-1.3%) to $32.06 on average volume. Throughout the day, 1,841,410 shares of Corrections Corporation of America exchanged hands as compared to its average daily volume of 1,651,000 shares. The stock ranged in price between $31.42-$32.59 after having opened the day at $32.51 as compared to the previous trading day's close of $32.49. Other companies within the Diversified Services industry that declined today were: China HGS Real Estate ( HGSH), down 10.2%, ATA ( ATAI), down 7.3%, VirtualScopics ( VSCP), down 6.5% and Spar Group ( SGRP), down 6.4%.

Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. Corrections Corporation of America has a market cap of $3.2 billion and is part of the services sector. Shares are down 10.6% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Corrections Corporation of America a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Corrections Corporation of America as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, General Employment ( JOB), up 30.4%, Lime Energy ( LIME), up 14.8%, DLH Holdings ( DLHC), up 11.2% and Bioanalytical Systems ( BASI), up 8.2% , were all gainers within the diversified services industry with Hertz Global Holdings ( HTZ) being today's featured diversified services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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