Apollo Group downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Apollo Group following its Q2 results citing poor visibility and negative effects of the company's campus closures. Wells lowered its price target range for shares to $17-$19 from $32-$35.
Apollo Education calls active on renewed takeover chatter Apollo Education March 28, 29 and April 30 calls are active on total call volume of 4,900 contracts (200 puts) on renewed takeover chatter. March call option implied volatility is at 28, April is at 37, May is at 35; compared to its 26-week average of 33 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.