New Oriental Education & Tech Grp EDU shares are trading higher in sympathy with Gaotu Techedu after the company announced second-quarter earnings results.
Shares of Chinese education stocks are volatile on continued regulatory-driven in the sector. Chinese education stocks have been trading lower in recent weeks following a policy from the Chinese government which may force for-profit education companies to become non-profit.
New Oriental Education is the largest well-established one-stop shopping private educational services provider in China. New Oriental Education offers overseas and domestic test preparations, nonacademic languages and services in vocational training.
New Oriental Education has a 52-week high of $19.97 and a 52-week low of $1.68.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
