Boston, MA 05/20/2013 (wallstreetpr) – Friday’s trading session saw Corinthian Colleges Inc (NASDAQ:COCO) climbing up by 12.81%. It opened at a price of $2.45 which reached an intraday high of $2.97 before heading down to close at $2.44 per share. In excess of 4.96 million shares exchanged hands in the previous trading session. This figure stood above the average volume of 1.49 million that was measured over a 30-day period.
Demand for career and vocational education is ascending at a very fast pace among the growing Latino population California. A new study that was commissioned by COCO found that the overcrowded community colleges in the state will not have space for an additional 840,000 Latino students over the next ten years.
The company feels that the increasing demand for a community college-education will rise by over 28% amongst the Latino population in California over the next decade, right upto 2019. As per the report, there will be a drop in demand from African and white residents in the state. Resultantly, Latinos will have to bear the brunt of overcrowded classrooms and budget cuts in a disproportionate manner, in the community-college system.
COCO is a post-secondary education company located in the United States. As of 30 June 2012, it had a student enrollment in the range of 91,460 and it operated 100 schools spread over 26 states. It also had 16 schools in Ontario, Canada. Corinthian Colleges Inc (NASDAQ:COCO) has a variety of diploma programs on offer. It also has associate, bachelor and master degree programs.
