Stock Market Alert: APOL was taken apart on Wednesday, trading down over 22% to close at $37.55 after the company announced their Q4 and FY earnings. Volume was extremely heavy, with over 28 million shares of the stock changing hands, compared to a normal daily average volume of 1.25 million shares. The company reported net income of $93.5 million in Q4 on revenues of $624 million dollars. The stock set a new 52 week low on the news, eclipsing their old low of $43.09. As of Wednesday’s close, the company had a market cap of just under $6.5 billion dollars.
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