Bridgepoint Education Gives Back Most Of The Gains

Bridgepoint Education, Inc. (NYSE: BPI) shares have given up most of their gains from earlier in the session, and are now up less than 2% on the session.

Earlier in the session, shares of Bridgepoint Education jumped 13% on news that the Department of Education was not going to be as harsh on the for-profit education companies as first feared. Despite the sighs of relief, shares are not holding on to their gains.

At last check, shares of Bridgepoint Education were trading at $24.25, a gain of 57 cents. Shares had hit a high of $27.25 earlier in the session.

Bridgepoint Education was also mentioned last week at the Ira Sohn conference as a potential investment in the sector.