Education Stocks’ Share Prices Decline Amid Economic Downturn

March 20, 2020: Volume 26, Number 6
IN THIS ARTICLE

Price-per-share of the stocks tracked in the EER Stockwatch declined more sharply than the overall market as the impact of the coronavirus hit the U.S. economy.

All of the tracked stocks had double-digit price declines in the past two weeks and year-to-date, exceeding any drops seen in the last decade. Houghton Mifflin Harcourt (Boston) stock had the steepest price-per-share decline, down 67.6% between March 4 and March 18 and down 72.6% from the January 2 market open. K12 Inc. (Herndon, VA) had the smallest year-to-date price decline, down 19.3%, likely because of talk of a transition to online learning.

In the broader market, the Dow Jones was down 15.5% for the most recent five-day period, down 32.2% in the past month and is down 30.3% for the year. The NASDAQ was down 12.1% for the most recent five-day period, down 28.8% in the past month and is down 22.7% for the year. The S&P 500 Index was down 12.5% for the most recent five-day period, down 29.2% in the past month and is down 25.8% for the year. ■

We welcome your views. To submit a letter to the editor, send us an email to press@simbainformation.com.