- Apollo Education (NASDAQ:APOL) discloses in a SEC filing that its University of Phoenix subsidiary business is on probation with the Department of Defense due to violations.
- The DoD is considering whether it will terminate its Voluntary Education Partnership Memorandum of Understanding with Phoenix.
- SEC Form 8-K
- APOL -3.24% premarket to $11.96. Government action within the for-profit sector has impacted trading across the sector in the past.
- On watch: CECO, DV, STRA, ESI-OLD, LOPE, APEI, LINC, BPI, LRN, EDU, OTC:NAUH.