Grand Canyon Education shares collapsed after court ruling
2022.12.02 11:09
Grand Canyon Education shares collapsed after court ruling
Budrigannews.com – The Grand Canyon National Research University on Friday ruled in favor of the US Department of Education to liquidate the action.
GC “Grand Canyon Education” is a former division of GC “Grand Canyon Education” and provides educational services.
However, the GC continues to support and constantly cooperate with the GCU. The ruling says that the requirement of Grand Canyon University to treat non-profit organizations was rejected by the US Department of Science legally.
For some time, the GKU sought to move from non-profit status to non-profit. Currently, the shares of Grand Canyon Education have more than halved, the value of which amounted to 109.42 US dollars. On the one hand, the shares initially fell to a low of 104.31 US dollars.
In response to this message, analysts at BMO Capital Markets told investors that GKU will have to comply with a number of regulatory requirements, but believe that it will be able to do so, although the company is concerned about the negative headline. Although the business has been growing, GKU is still the largest partner of LOPE at the moment.
Currently, there are a number of regulatory legal acts 90 10. Employment payments that apply mainly to commercial institutions, although this battle may not be over yet.
We are confident that in the future, the GKU will continue to comply with these rules. In any case, it may turn out to be a negative name that affects the shares when spreading news,” the experts explained.
