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: Shares of for-profit trade school operator Career Education
So what: This is not a good week for Career Education's shareholders. The stock was absolutely demolished yesterday on the heels of a bad earnings report, and now analyst firms Wunderlich and William Blair pile on with a pair of downgrades. All told, shares have dropped by a heart-stopping 54% in just two days.
Now what: You know it's bad when analysts see less value in your stock after a sudden 48% plunge. Curiously, investors haven't seen any need to learn any lessons about the industry from this collapse: Strayer Education
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