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Shares of Archipelago Learning (ARCL) Fall to New 52-Wk Low; Piper Jaffray Downgrades as Core Business Visibility Dim

Shares of Archipelago Learning (Nasdaq: ARCL) touch a new 52-wk low as the stock drops over 8.6% today. ARCL shares are currently trading around $12.49, but fell to $12.28 (52-wk range $12.28-21.22), before making a slight recovery. The stock was trading in the mid-$15 range in mid-May '10, but have steadily declined since then. This morning,...

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