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Stock Market & Financial Investment News

News Breaks
January 28, 2014
10:06 EDTSTRA, CECO, BPI, APOL, ESI, LOPE, APEI, DV, COCOFor-profit education stocks mixed after probes disclosed
Shares of for-profit education companies are mixed after two companies in the sector disclosed that they are being probed by multiple states. WHAT'S NEW: Yesterday night Corinthian Colleges (COCO) stated that its business practices were being probed by 13 states. The company added that it had received Civil Investigative Demands, or CIDs, from most of those states. The CIDs seek documents and a wide range of additional information from Corinthian, including information on tuition and loans, and lead generation activities, the company noted. Moreover, Corinthian stated that "several other companies" in the sector had received similar CIDs. One such company is ITT Educational (ESI), which disclosed last night that it had received CIDs from 12 states. The CIDs include requests for information and documents relating to the company's students and its practices, ITT Educational stated. WHAT'S NOTABLE: On January 6, Corinthian Colleges disclosed that it had received a CID from the U.S. Consumer Financial Protection Bureau, or CFPB. The CID sought information in order to determine whether the company or other entity was engaged in illegal practices, Corinthian reported at the time. ITT Education has also come under scrutiny by the CFPB. On December 27, the company disclosed that the agency was considering taking legal action against the company for violating a number of laws. PRICE ACTION: In early trading, Corinthian added 0.7% to $1.55, while ITT Educational lost 0.6% to $40.75. Meanwhile, Apollo Educatio (APOL) was flat at $33, Strayer (STRA) gained 1.75% to $36.90 and DeVry (DV) added 0.4% to $37.75.
News For BPI;COCO;LOPE;CECO;DV;ESI;STRA;APEI;APOL From The Last 14 Days
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August 4, 2015
07:14 EDTBPIBridgepoint Education reports Q2-end total student enrollment 51,049
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07:14 EDTBPIBridgepoint Education reports Q2 EPS 1c, consensus 13c
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July 31, 2015
17:21 EDTDVDeVry says U.S Attorney declined to intervene in lawsuit
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09:06 EDTCECOCareer Education names Todd Nelson as president and CEO
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July 30, 2015
07:48 EDTESIITT Educational reports Q2 EPS 3c, two estimates 10c
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July 29, 2015
10:27 EDTAPOLApollo Education slides after receiving CID from FTC
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10:07 EDTAPOLHigh option volume stocks:
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06:31 EDTSTRAStrayer reports total enrollments for summer term up 2% to 37,221
Total enrollments at Strayer University for the summer term 2015 increased 2% to 37,221 students compared to 36,403 students for the summer term 2014. New student enrollments increased by 4%, and continuing student enrollments increased by 2%.
06:31 EDTSTRAStrayer reports Q2 EPS $1.11, consensus 99c
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