Grand Canyon Education see-saws after Citron says stock will slump

Grand Canyon Education

09/09/2019 18:11

** Education services co's shares  LOPE.O  fell as much as
6.3% to $104.2 in noon trade on a report from short-seller
Citron Research
    ** Shares later reversed course, now up by 1.2%
    ** Citron says LOPE's management has struggled to transform
the school to adapt to the rapidly changing for-profit education
space (https://bit.ly/2kCYnwr)
    ** Last month, educational tech co 2U Inc  TWOU.O  discussed
the surprisingly rapid adoption and mainstreaming of online
education from which there is no escape - Citron
    ** LOPE's struggles to adapt will send the stock down 70% in
the next 18 months - Citron
    ** 3 of 3 brokerages rate the stock "buy" or higher; their
median PT is $145
    ** Despite session losses, stock up 11% this year

 (Reporting by Bharath Manjesh in Bengaluru)
 ((Bharath.ManjeshR@thomsonreuters.com;  outside U.S. +91 80
6749 8400;))