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Stride, Inc. shares dropped 51% after poor earnings, a failed platform update, and fraud allegations.
Stride, Inc. (LRN) shares plunged 51% following weak Q1 earnings and a major platform upgrade failure that likely caused 10,000 to 15,000 student losses, with the company forecasting only 5% sales growth for 2026—well below its five-year average.
The drop came despite being named to the 2026 GSV 150 list for innovation in education.
Investor concerns were heightened by a September 2025 complaint alleging fraud, including inflated enrollment and improper staffing, prompting investigations by Hagens Berman and Block & Leviton into potential securities violations.
The company’s stock hit a 52-week low of $73.82, with trading volume surging to 14.8 million shares.
Las acciones de Stride, Inc. cayeron un 51% después de malas ganancias, una actualización fallida de la plataforma, y acusaciones de fraude.