Why Laureate Education Stock Popped Over 15% Today

Shares of Laureate Education (NASDAQ: LAUR) popped on Friday, rising 15.8% for the session. The stock rose because the U.S. Department of Justice (DOJ) has decided to drop an investigation involving the company.

Laureate Education offers online degree programs in various countries around the world. In the U.S., it goes by Walden University. It plans to divest this part of the business soon, but for now, it still belongs to the company and there's been a concern regarding a potential investigation from the DOJ.

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Source Fool.com