Price seems to be following APOL. Either the uneducated think they are in the same market or they belong in some of the same funds/ETFs. Anyone know? APOL and EDU should not be affected by news about APOL since their businesses are entirely unrelated.
EDU should not be affected by news about APOL since their businesses are entirely unrelated and in different markets. EDU is in China. APOL in US (U. of Phoenix) and a few other countries. APOL's profile reads:
"Apollo Group, Inc., through its subsidiaries, provides online and on-campus educational programs and services at the undergraduate, masters, and doctoral levels. The company offers various degree programs in arts and sciences, business and management, criminal justice and security, education, health care, human services, nursing, psychology, and technology through its campus locations and learning centers in 40 states and the District of Columbia, and Puerto Rico, as well as through its online education delivery system. It also provides various degree programs in Chile and Mexico, and through online; financial services education programs...
Thus, EDU is being unfairly punished through association uneducated folks seem to make.