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Shares of Corinithian Colleges (COCO -10.6%) narrow a steep loss from earlier in the day linked...

Shares of Corinithian Colleges (COCO -10.6%) narrow a steep loss from earlier in the day linked to a new SEC probe of the company. The news is also spilling over to taint shares of some skittish sector peers including ITT Educational Services (ESI -3.7%), Education Management (EDMC -2.5%), and Strayer Education (STRA -2.8%).
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Comments (2)
  • sho
    , contributor
    Comments (175) | Send Message
     
    down 8%, a lot improved from pre-market down 24% in the outset.

     

    no big deal, investigation is almost like a routine for PF schools, not sure SEC is over reacting really.
    11 Jun 2013, 12:48 PM Reply Like
  • Onepaw
    , contributor
    Comments (32) | Send Message
     
    Sho may have a point. EDMC has two separate SEC investigations and thinks it can wish away the $11 Billion DOJ suit. Short types love playing in this sector.
    11 Jun 2013, 08:21 PM Reply Like
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