Shares of U.S.-listed Chinese education companies plummet after policy change [Toronto Globe and Mail (Ontario, Canada)]
New Oriental Education & Technology Group, Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) (EDU)
Last new oriental education & technology group, inc. sponsored adr representing 10 ordinary share (cayman islands) earnings: 1/22 03:18 am
Check Earnings Report
US:NYSE Investor Relations:
investor.neworiental.org
Company Research
Source: Toronto Globe and Mail
Shares of U.S.-listed Chinese education companies plummet after policy change China is barring tutoring for profit in core school subjects to ease financial pressures on families that have contributed to low birth rates, news that sent shockwaves through its vast private education sector and share prices plunging. The policy change, which also restricts foreign investment in a sector that had become essential to success in Chinese school exams, was contained in a government document widely circulated on Friday and verified by sources. The move threatens to decimate China’s $120 billion private tutoring industry and triggered a heavy selloff in shares of tutoring firms traded in Hong Kong and New York including New Oriental Education & Technology Group and Koolearn Technology Holding Ltd. All institutions offering tutoring on the school curriculum will be registered as non-profit organisations, and no new licences will be granted, according to the document, which says it was distribute
Show less
Read more
Impact Snapshot
Event Time:
EDU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EDU alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EDU alerts
High impacting New Oriental Education & Technology Group, Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) news events
Weekly update
A roundup of the hottest topics
EDU
News
- New Oriental Education & Technology Group (NYSE:EDU) grows 4.5% this week, taking one-year gains to 140% [Yahoo! Finance]Yahoo! Finance
- New Oriental to Report Third Quarter 2024 Financial Results on April 24, 2024PR Newswire
- Global English Language Learning (Blended, Offline, Online) Market 2023-2030: Growing Demand for E-learning and Increasing Incorporation of Artificial Intelligence and Robotics in Delivery [Yahoo! Finance]Yahoo! Finance
- Global English Language Learning Market Set for Significant Growth by 2030, Driven by Technology Advancements and Increased Government Spendings [Yahoo! Finance]Yahoo! Finance
- Institutional investors have a lot riding on New Oriental Education & Technology Group Inc. (NYSE:EDU) with 71% ownership [Yahoo! Finance]Yahoo! Finance
EDU
Earnings
- 1/24/24 - Beat
EDU
Sec Filings
- 4/9/24 - Form 6-K
- 2/22/24 - Form 144
- 2/9/24 - Form SC
- EDU's page on the SEC website