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Stock Market & Financial Investment News

News Breaks
August 25, 2014
08:52 EDTESIITT Educational volatility elevated into Q2 and outlook
ITT Educational August call option implied volatility is at 99, October is at 90, January is at 84; compared to its 26-week average of 65 according to Track Data, suggesting large near term price movement into the expected release of Q2 results.
News For ESI From The Last 14 Days
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February 8, 2016
18:08 EDTESIEducation Department creates enforcement unit targeting education institutions
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January 27, 2016
12:28 EDTESIFor-profit education names fall after FTC sues DeVry over marketing
DeVry Education (DV) and its peers in the for-profit education space are falling after the Federal Trade Commission filed suit against the company, alleging that DeVry's advertisements "deceived" consumers about the likelihood of finding jobs in their chosen fields of study and earning more than graduates from other universities. In a related action, the Department of Education is also moving against the company for those same practices, requiring it to stop the allegedly deceptive advertisements and take steps to ensure it can verify the truthfulness of its post-graduation employment outcomes, including hiring an independent auditor and informing students of its "unsubstantiated" statistics. The Department's action comes after its investigation of DeVry found the postgraduation employment claims "have not been substantiated to the extent required by law." PRICE ACTION: Shares of DeVry crashed 13.5% to $20.54 following the news, while Apollo Education (APOL), ITT Educational (ESI) and Strayer Education (STRA) each slid over 2% and Bridgepoint (BPI) fell 1%.

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