EDU, TAL, And GOTU Stock Prices Increase Pre-Market

By Amit Chowdhry ● June 10, 2021
  • The stock prices of Chinese education technology companies New Oriental Education & Technology Group Inc. (NYSE: EDU), TAL Education Group (NYSE: TAL), and GSX Techedu Inc (NYSE: GOTU) increased pre-market. This is why it happened.

The stock prices of Chinese education technology companies New Oriental Education & Technology Group Inc. (NYSE: EDU), TAL Education Group (NYSE: TAL), and GSX Techedu Inc (NYSE: GOTU) increased pre-market. All 3 of the companies increased by over 10% pre-market. There is speculation that there will be less harsh regulation against stricter regulations for the after-school tutoring industry.

In this article, it appears that China President Xi Jinping has been quoted at an educational conference as emphasizing the importance of improving the management of online and offline off-campus training institutions. According to Seeking Alpha, UBS analyst Felix Liu noted that the worst-case scenario that the market feared — which is a ban on weekends and/or school holidays — is looking less likely for companies in this sector.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.