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ITT Educational Services Falls 12.3% (ESI, STRA)
Monday, January 10, 2011 - 3:46pm | 171Shares of ITT Educational Services, Inc. (NYSE: ESI) are currently down 12.3% at $56.61 per share during Monday afternoon trading. Along with the shares of other for-profit educators, ITT Educational Services, Inc share price took a hit after Strayer Education, Inc. (Nasdaq: STRA) reported that its...
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Strayer Education Plummets 23.9%, As New Enrollments Fall 20% (STRA)
Monday, January 10, 2011 - 3:34pm | 194Shares of Strayer Education, Inc. (Nasdaq: 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...
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Market is Holding Support 01-10-2011
Monday, January 10, 2011 - 2:21pm | 855Cusick's Corner Support – that's the key term to this market in the short-term. The market is holding support even after the data missed expectations Friday, the market held critical short-term support of 1260 on the S&P. I am watching the longer term trend lines to monitor any developments if...
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Market Roundup (PGN, DUK, APOL, RSH, AUXL, PFE)
Monday, January 10, 2011 - 12:14pm | 281Shares of Apollo Group Inc (NASDAQ: APOL) dropped about 5.2% as the company is all set to report its quarterly earnings after the closing bell. Wall Street expects Apollo Group to post its FQ1 EPS at $1.35 on revenue of $1.26 billion. Shares of RadioShack Corp (NYSE: RSH) dipped about 5.4% after...
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For-Profit Education Having A Bad Hair Day (STRA, APOL, CECO, COCO, DV)
Monday, January 10, 2011 - 11:15am | 138For profit education stocks are falling this morning in the wake of Friday's announcement from Stayer Education (NASDAQ: STRA) that enrollment has dropped by 20% for the 2011 winter term. Although continuing student enrollment increased by 10% (yahoo, finance), new enrollments have declined sharply...
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Strayer Crushed On Forecast (STRA, CPLA, DV)
Monday, January 10, 2011 - 10:48am | 104Shares of Strayer Education (NASDAQ: STRA) are getting absolutely crushed on Monday morning after the company slashed its 2011 forecast. Strayer also reported that new student enrollment for the winter term fell 20% from the prior year. The stock has lost 22.34% to $119.00. The news from STRA is...
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Bearish MACD for UTI - Tale of the Tape
Monday, January 10, 2011 - 10:31am | 114Universal Technical Institute, Inc.'s (UTI) MACD indicator has entered into bearish territory with a reading of -0.1946. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $18.65 in morning trade. The Zacks Consensus Estimate for the year ending September 2011 has decreased by a penny...
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Morning Market Losers (STRA, GAN, GTIMD, CPLA)
Monday, January 10, 2011 - 10:21am | 121Strayer Education Inc (NASDAQ: STRA) fell 23.64% to $117.01 at 10:20 am. STRA reported that new student enrollments have dropped 20% so far this school year. Gainsco Inc (AMEX: GAN) shares dropped 19.80% to $7.05. The Board of Directors of GAN approved the voluntary deregistration of its common...
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Bearish MACD for UTI - Tale of the Tape
Monday, January 10, 2011 - 10:15am | 114Universal Technical Institute, Inc.'s (UTI) MACD indicator has entered into bearish territory with a reading of -0.1946. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $18.65 in morning trade. The Zacks Consensus Estimate for the year ending September 2011 has decreased by a penny...
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For-Profit Education Stocks Getting Steam Rolled (STRA, CECO, COCO, DV, APOL)
Monday, January 10, 2011 - 10:07am | 92For profit education stocks continue to get hit on weak enrollment numbers out of Strayer Education (NASDAQ: STRA). Corinthian College (NASDAQ: COCO), Apollo Group (NASDAQ: APOL), and Devry (NYSE: DV) are all dropping sharply. Regulators are also going after these companies, as their graduates...
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For-Profit Education Stocks Whacked (STRA, CECO, COCO, DV, APOL)
Monday, January 10, 2011 - 9:19am | 111The for-profit education stocks are getting smashed hard this morning, led by Strayer Education, Inc. (NASDAQ: STRA), which is down 26% in pre-market trading after the company reported dismal enrollment numbers. Shares of Career Education Corp. (NASDAQ: CECO), Corinthian Colleges, Inc. (NASDAQ:...
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STRA, CECO, Other For-Profit Education Stocks Trading Down
Monday, January 10, 2011 - 9:06am | 62STRA and for-profit education stocks are taking a massive hit today due to disappointing enrollment numbers. Strayer Education, Inc. (NASDAQ: STRA) is down 25.12% pre-market. Career Education Corp. (NASDAQ: CECO) is down 10.22%. Apollo Group, Inc. (NASDAQ: APOL) is down 9.25%.
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Benzinga's Top Pre-Market NASDAQ Losers (STRA, COCO, APOL, PDLI)
Monday, January 10, 2011 - 8:34am | 156Strayer Education Inc (NASDAQ: STRA) dipped 17.97% to $125.70 in the pre-market session. STRA reported that new student enrollments have dropped 20% so far this school year. Corinthian Colleges Inc (NASDAQ: COCO) fell 6.44% to $4.94 in pre-market trading. Analysts at Barclays downgrade COCO from “...
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Cti Has Hold On Apollo Group Inc (APOL)
Monday, January 10, 2011 - 7:56am | 103Citi Investment Research has a Hold rating and a $48 price target on shares of Apollo Group Inc (NASDAQ: APOL). In a note sent to clients, Citi writes, "We are looking for Rev/EPS of $1.29B/$1.50, vs. Street at $1.26B/$1.40. Our above-street estimates are likely due to persistence assumptions that...
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Piper Jaffray Lowers Price Target On Strayer Education (STRA)
Monday, January 10, 2011 - 7:17am | 107Piper Jaffray is lowering its price target on shares of Strayer Education, Inc. (NASDAQ: STRA) to $119 from $136. It has a Neutral rating on shares. Piper Jaffray writes, "Strayer's much weaker than expected 4Q enrollment growth likely portends similar sharp declines in enrollment growth from most...