Dallas, Texas 07/12/2013 (Financialstrend) – Apollo Group, Inc. (APOL) has announced that the University of Phoenix, Inc., a wholly owned subsidiary of APOL, was recently informed by The Higher Learning Commission that the accreditation of its educational institutions was reaffirmed through the 2022–2023 academic year, and that the company was placed on “notice” status for two years. Apollo Group rose sharply on Thursday’s trading session and is currently up by 1.97% at $19.86 on above average volume. The stock has risen to a two and half week high and its 50-day moving average has been re-crossed. HLC is the regional accreditor of the University, a commission member of the North Central Association of Colleges and Schools. APOL has new options that will expire on July 12th. At Stock Options Channel, the Yield Boost formula has experienced downs and ups regarding the APOL options chain and identified one put and one call contract of particular interest. The put contract at the $17.50 strike price currently has a bid for 54% gains. If an investor intends to sell in order to open his position in the put contract, he will then be committed to buy the stock at $17.50, but along with the premium collected, the cost basis of the shares will amount to $16.96.
Apollo Group, Inc. (NASDAQ:APOL) closed at $18.97 on Thursday, an advance of 6.04% in the share price for the day. The stock price fluctuated from a low value of $18.63 to a high one of $19.86 per share. The company currently has a 52-week low of $15.98 and a 52-week high of $34.25 per share. APOL currently has 112.61 million outstanding shares in the market with institutional ownership of 95% of its total equity capital. Trading volume stood at 8.21 million shares on Thursday, with an average one for APOL at 3.27 million shares per day.