Activist Short Rumors Swirl Around Apollo Education Group Inc

Mark Melin

Published onMay 22, 2014

Updated on May 13, 2021

After agreeing to acquire South African Milpark Education for $25.6 million, Phoenix-based Apollo Education Group Inc (NASDAQ:APOL) CEO Greg Cappelli didn’t have much time to relish in the victory as rumors of activist shorts in the stock swirl.

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Apollo Education’s tock down 7% as revenue just slightly misses while profits surge

Stock in Apollo Education Group Inc (NASDAQ:APOL), the parent of the University of Phoenix, was down near 7% mid-morning, trading near $28.

The sudden price move in Apollo Education Group Inc (NASDAQ:APOL) comes as revenue expectations slightly missed yet profits where higher. The firm reported adjusted second quarter earnings to 28 cents a share on revenue of $689.4 million. While the...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Activist Short Rumors Swirl Around Apollo Education Group Inc

Apollo Education’s tock down 7% as revenue just slightly misses while profits surge

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