Grand Canyon Education Shares Plunged: What You Need to Know (CPLA)

Grand Canyon Education Shares Plunged: What You Need to Know

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Click Here Now

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.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

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.

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 icon found on every comment.