Stock Watch: Strong Start for University of Phoenix Online

Apollo Group, Inc. University of Phoenix (Nasdaq: UOPX) rose 4 to 18 in its first day of trading.

The company, a tracking stock created by Apollo Group (Nasdaq: APOL) to cover its online unit, sold 5 million shares at $14 apiece. It operates online educational programs aimed at working adults, offering programs in business, nursing, education and information technology.

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