Seems like it attracted a lot of trend traders to buy the dip. Now they're getting shaken out. Happens sometimes. No real fundamental reason for selloff, so it just appears based on stop loss gunning. Good stock to own for the patient investor.
their sort of educational services will always be needed. Health & beauty services, auto services...these cannot be taught in an online format. So they will do good business for many years to come.
Im having trouble figuring it out too. A couple of thoughts: Cramer had a diatribe against the whole for profit education industry on Thursday, also they announce earnings next week, someone could be trading on rumors or inside information, some insiders filed SEC forms announcing they were selling.....
I havent seen any other news, so those are just guesses.