Grand Canyon Education Shares Plunged: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Grand Canyon Education (Nasdaq: LOPE  ) shares are down 9.5% today, possibly because of the weak outlook reported by competitor Capella Education (Nasdaq: CPLA  ) , which warned that its enrollment and revenues would slow in the coming year.

So what: The entire for-profit education sector has been under pressure, as the government examines the industry's recruiting and enrollment practices and student loan default rates. Many companies in the industry, including Grand Canyon, derive the majority of their revenues from government-backed education loan programs.

Now what: Until today, Grand Canyon's shares had weathered the storm well. Through yesterday's market close, its shares were up for the year. Stay tuned for Grand Canyon's third-quarter earnings, which it is scheduled to report Nov. 9.

Interested in more info on Grand Canyon Education? Add it to your watchlist by clicking here.

Fool contributor, April Taylor, does not own shares of the companies mentioned.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1345148, ~/Articles/ArticleHandler.aspx, 8/30/2014 2:32:28 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement