CNN: Apollo Group (University of Phoenix) Declines

Apollo Group Heads Lower As Analyst Downgrades on Poor New Student Enrollment. Shares of Apollo Group Inc., an education company that operates the University of Phoenix, dropped Monday after an analyst cut his rating on the stock to "Sell" because of poor new-student enrollment and weakness in the student-lending market. In early trading, the stock slipped $2.30, or 3.8 percent, to $59.10. More...