Laureate Education $LAUR stock formed an uptrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... breakdown pattern on November 17, 2022. This bearish pattern seems to be the result of stock valuation relative to sales, dark pool selling, and stockholders reducing long positions in the company.
Dark Pool Selling In Laureate Education $LAUR Stock
Dark pool trades occurred in $LAUR stock on November 2, 2022, and November 8, 2022. The unusually large dark pool trades were valued at $12 million and $9.3 million. We think the dark pool trades were sell orders because of how $LAUR stock fell following the print.
Laureate Education Reports Financial Results for Q3 2022
On November 3, 2022, Laureate Education, which operates five universities across Mexico and Peru, announced financial results for the third quarter and nine months ended September 30, 2022. Laureate Education reported Q3 EPS of 19c versus $1.94 last year. The company reported Q3 revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... of $301M versus $267.7M last year.
Eilif Serck-Hanssen, President and Chief Executive Officer, said, “Our growth momentum continued in the third quarter with strong new enrollment trends in both Mexico and Peru during the intake cycles. Our proven operating model, market-leading brands, and commitment to academic quality, combined with our solid financial profile, position us well to continue to execute on our growth agenda.”
Laureate Education $LAUR Stock Chart Technical Analysis
Laureate Education $LAUR stock is in a technical downtrend pattern. The stock has formed a bullish Homing Pigeon candlestick pattern on November 18, 2022. We also have a downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... break of the lower support wall that’s being tested.