Here's Why TAL Education Shares Are Falling

Shares of several Chinese companies, including TAL Education Group TAL, are trading lower as investors digest recent economic data. Investors also continue to assess the economic impact of a surge in COVID cases in China.

According to CNN, at least 44 Chinese cities are under either a full or partial lockdown as authorities grapple with curbing the spread of COVID-19. Hong Kong confirmed 747 new coronavirus cases on Sunday as residents stepped out during the long-weekend Easter break after restrictions were eased.

See Also: Why DiDi Global Stock Is Falling

TAL Education is one of the leading tutoring providers in China.

According to data from Benzinga Pro, TAL Education has a 52-week high of $66.00 and a 52-week low of $1.60.