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Stock Market & Financial Investment News

News Breaks
January 28, 2014
10:06 EDTAPEI, DV, COCO, STRA, CECO, BPI, APOL, ESI, LOPEFor-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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February 26, 2015
16:08 EDTAPEIAmerican Public Education reports Q4 EPS 68c, consensus 53c
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10:56 EDTAPOLOptions with increasing implied volatility
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February 24, 2015
10:45 EDTAPOLApollo 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.
10:35 EDTAPOLRumor: Apollo Education moves up on renewed takeover chatter
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February 20, 2015
16:21 EDTCOCOCorinthian Colleges subsidiary files for Canadian bankruptcy protection
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February 19, 2015
07:18 EDTLOPEGrand Canyon go-private deal looking less likely, says Piper Jaffray
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February 18, 2015
16:19 EDTLOPEGrand Canyon sees FY15 EPS $2.62, consensus $2.34
Sees FY15 revenue $771.0M, consensus $766.34M.
16:18 EDTLOPEGrand Canyon sees Q4 EPS 77c, no estimates
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16:18 EDTLOPEGrand Canyon sees Q3 EPS 65c, no estimates
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16:17 EDTLOPEGrand Canyon sees Q2 EPS 52c, no estimates
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16:15 EDTLOPEGrand Canyon sees Q1 EPS 68c, consensus 64c
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16:14 EDTLOPEGrand Canyon reports Q4 EPS 70c, consensus 67c
Reports Q4 revenue $190.0M, consensus $185.08M.
February 15, 2015
17:10 EDTCOCOCalifornia suspends Cal Grants to Corinthianís Heald students
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