Bridgepoint stock drops; will it raise its prices?

Stock of controversial Bridgepoint Education is down 8.62% this afternoon (Nov. 4) to $17.92.

An analyst for Deutschebank lowered his recommendation to sell from hold. The analyst notes that since other for-profit universities such as University of Phoenix and Strayer have lowered their prices, Bridgepoint is now the most expensive of the national for-profits and will probably have to follow suit.

Also, Bridgepoint's chief executive, Andrew Clark, has indicated that he may sell as much as 19% of his shares.