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Why Grand Canyon Education Stock Jumped 12% Last Month

TheMotleyFool

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Why Grand Canyon Education Stock Jumped 12% Last Month

Shares of Grand Canyon Education (NASDAQ: LOPE) were climbing last month, after the educational services provider was admitted to the S&P MidCap 400, a testament to the stock's growth in recent years. The S&P said all new mid-cap stocks had valuations less than $4.5 billion, though Grand Canyon's market cap has since risen to $4.7 billion.

Shares of Grand Canyon Education, which provides support services to 21 different universities, finished December up 12% according to data from S&P Global Market Intelligence. The gains came largely during the middle of the month after the S&P 500 made the announcement.