(RESEND): ACC buys high, sells low as Intueri surprises investors with cascade of bad news

Fri, 30 Sep 2016

(Fixes spelling of Bagnall starting in seventh paragraph) By Jonathan Underhill Sept. 30 (BusinessDesk) - Fund managers including those at the Accident Compensation Corp were among sellers of Intueri Education Group shares this week that sent the company to a record low in the wake of a cascade of bad news. ACC sold about 1.1 million shares at about 6.8 cents apiece on Sept. 27, reducing its core holding to about 3.8 percent from 4.9 percent. ACC fund managers had been buying the stock on their own account at the start of August, payin...

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