Grand Canyon Education shares are trading lower after the FTC sued the university for deceptive advertising and illegal telemarketing.
Portfolio Pulse from Benzinga Newsdesk
Grand Canyon Education's stock is trading lower following a lawsuit by the FTC accusing the company of deceptive advertising and illegal telemarketing practices.
December 28, 2023 | 5:50 pm
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NEGATIVE IMPACT
Grand Canyon Education, Inc. (LOPE) faces a lawsuit from the FTC over allegations of deceptive advertising and illegal telemarketing, causing its shares to trade lower.
The lawsuit by the FTC is a significant legal challenge that could lead to financial penalties and damage the company's reputation. This negative news is likely to shake investor confidence and could result in a short-term decline in the stock price of LOPE.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100