Education Management Falls 18.1% (EDMC, STRA)

Shares of Education Management Corporation EDMC are trading down 18.1% at $13.61 per share during the Monday afternoon trading session. Along with the shares of other for-profit educators, the share price of Education Management Corporation took a hit after Strayer Education, Inc. STRA reported that its new student enrollments fell by 20%. The day's range for shares of Education Management Corporation (EDMC) has been between $13.52 and $15.55 per share. The average price target of analysts who cover Education Management Corporation is $16.17 per share. Volume of 723,000 shares is more than double the daily average volume of 351,000 shares. Education Management Corporation, with over 158,300 students as of October 2010, is among the largest providers of post-secondary education in North America, based on student enrollment and revenue, with a total of 101 locations in 31 U.S. states and Canada. Read more from Benzinga's Company news.