Adtalem Global Education (ATGE) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Adtalem Global Education faces a notable business risk from short selling practices that may depress its common stock’s market price. Short sellers, who profit from a stock’s price decline, are both currently active and may intensify their efforts in the future, potentially borrowing and selling Adtalem’s shares with the aim to repurchase them at a lower cost. The release of a damaging short seller report on January 30, 2024, has already negatively impacted Adtalem’s stock value and could lead to further adverse consequences, such as shareholder lawsuits and regulatory scrutiny, even if the allegations are unsubstantiated. This short selling activity underscores a persistent market risk for Adtalem’s investors.
Overall, Wall Street has a Moderate Buy consensus rating on ATGE stock based on 2 Buys.
To learn more about Adtalem Global Education’s risk factors, click here.
