Strayer Education Plummets 23.9%, As New Enrollments Fall 20% (STRA)

Shares of Strayer Education, Inc. STRA are trading down 23.9% at $116.64 per share during the Monday afternoon trading session. The company announced on Friday after the market closed that its new student enrollments decreased by approximately 20%. The day's trading range for shares of Strayer Education, Inc has been between a 52-week low $113.25 and $120.00 per share. Analysts covering Strayer Education, Inc. (STRA) stock give it a consensus price target of $157.17 per share. Trading volume for Strayer Education, Inc has been much heavier than usual, with 2.7 million shares having been traded today, nearly 10 times the daily average volume of 284,000 shares. Strayer Education, Inc is an education services holding company that owns Strayer University and certain other assets. Strayer University is a proprietary institution of higher learning that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice to approximately 57,000 working adult students at 87 campuses in 20 states and Washington, D.C. and worldwide via the Internet. Read more from Benzinga's Company news.