Career Education Corporation (CECO) has risen sharply, recording gains of 3.7% in the past 4 weeks. However, the stock has corrected -1.96% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.64% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.34% and the 50-Day Moving Average is 10.65%. Career Education Corporation (NASDAQ:CECO): On Fridays trading session , Opening price of the stock was $7.12 with an intraday high of $7.2. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.96. However, the stock managed to close at $7.01, a loss of 1.54% for the day. On the previous day, the stock had closed at $7.12. The total traded volume of the day was 767,872 shares.
The company Insiders own 4.88% of Career Education Corporation shares according to the proxy statements. Institutional Investors own 69.68% of Career Education Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -4.01%.
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.