Career Education Corporation (CECO) has been under a strong bear grip, hence the stock is down -5.44% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.7% in the past 1 week. The stock has risen by 5.26% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.36% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.02% and the 50-Day Moving Average is 0.67%.The 200 Day SMA reached 37.06% Career Education Corp. is up 16.64% in the last 3-month period. Year-to-Date the stock performance stands at 87.33%.
Company shares have received an average consensus rating of Hold for the current week Career Education Corporation (NASDAQ:CECO): The stock was completely flat for the day, closing at $6.80 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $6.83, the stock touched an intraday high of $6.85 and a low of $6.65. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $6.80. The total trading volume on Friday was 1,068,529.
Career Education Corporation (CEC) through its colleges, institutions and universities offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning program offerings. The Company operates through four segments: University Group, Career Colleges Group, Transitional Group and Corporate and Other. The Company serves students from campuses throughout the United States, offering programs that lead to doctoral, masters, bachelors and associate degrees, as well as to diplomas and certificates. The Companys institutions include both universities that provide degree programs through the master or doctoral level and colleges that provide programs through the associate and bachelor level. The University group includes American InterContinental University (AIU) and Colorado Technical University (CTU), serving students online with career-focused degree programs.