G8 Education (ASX:GEM) share price rebounds after lawsuit news

The G8 Education Ltd (ASX: GEM) is having a rough time today. G8 shares are trading at $1.26 at the time of writing, a 1.21% rise from where they closed at on Friday. That compares to the broader S&P/ASX 200 Index (ASX: XJO), which is up 0.5% today so far.

It’s been a volatile day for G8 shares. They opened at $1.25 this morning, but quickly plummeted by almost 12% soon after, falling as low as $1.10 just before 11am. But as quickly as they fell, G8 shares rebounded spectacularly, rising slightly higher than open to the $1.26 level we see presently. So what’s going on here?

Why the G8 share price is bouncing around today

We can probably put these dramatic moves down to some news that came out about this education company this…