Education Stocks Tumble In Afternoon Trading (APOL, CECO, DV, COCO)

Posted on 12/17/09 at 4:40pm by Benzinga Staff

Education stocks are tumbling in afternoon trading after a letter surfaced from the US Department of Education addressed to Career Education Corp. (Nasdaq: CECO).

The DOE is questioning the accreditation of some of these for profit education companies. You can see the full report below.

Stocks being dragged down by this letter include:
Career Education Corp. down 17%
Apollo Group, Inc. (Nasdaq: APOL) down 5%
DeVry Inc. (NYSE: DV) down 4%
Corinthian Colleges, Inc. (Nasdaq: COCO) down 5%

Letter

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