Short Seller Who Targeted Valeant Takes Aim at College Owner.

Adtalem Global Education Inc. shares are slumping Tuesday, wiping out more than $500 million in market value, after Safkhet Capital Management LLC said it’s betting against the for-profit education company. The call came as the firm released quarterly earnings in which it detailed growth in enrollment and raised guidance for revenue and adjusted earnings per share. The stock rose as much as 7% post-market, before paring the gain to around 2%.

January 30, 2024
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