CAREER EDUCATION
+$3.96 (20%) to $23.62
Shares of the Hoffman Estates- based for-profit education company soared after it reported fourth-quarter profit excluding certain items of 43 cents per share, easily surpassing analyst estimates. A William Blair analyst also raised his rating on the stock.
MORNINGSTAR
-$4.53 (14%) to $28
Stock of the Chicago-based firm known for its mutual fund ratings had its biggest percentage decline since May 2005. The company reported fourth-quarter profit of 39 cents per share, below Wall Street estimates and a decline from the year-earlier period.
GENERAL MOTORS
-$0.23 (12%) to $1.77
Shares of the automaker tumbled to as low as $1.52 during trading, matching their lowest level since July 1934. Investors remain concerned about the company’s viability as it seeks billions from the government. The stock has fallen 98 percent this decade.
