Education Stocks In Play On ITT Sell-Off
One of the most shorted stocks on the market (74 percent of the float) is on track to be the biggest loser of the day. Shares of ITT Educational Services (NYSE: ESI) are down 30 percent after disclosing that the sale of its leaseback agreement has been terminated.
The educational services industry has been smashed on the news. This gives traders and investors opportunity to profit as valuations are reassessed.
Related Link: Bloomberg Messaging Could Be Replaced By A Startup
Stocks In Play
Corinthian Colleges (NASDAQ: COCO) shares are down 10 percent.
GP Strategies (NYSE: GPX) shares are down 3.2 percent.
Universal Technical Institute (NYSE: UTI) shares are down 1.7 percent.
New Oriental Education (NYSE: EDU) shares are down 1.8 percent.
Apollo Education (NASDAQ: APOL) shares are down 0.65 percent.
Tarena International (NASDAQ: TEDU) shares are up 0.84 percent.
DeVry Education (NYSE: DV) shares are up 0.54 percent.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.