Is New Oriental stock really worth just $2?
Apr 19, 2022 · GOTU GSX Techedu Inc — Stock Price and Discussion | Stocktwits. GSX Techedu Inc NYSE Updated Apr 19, 2022 11:54 PM. GOTU 1.61 0.06 (3.87%) Post-Market 0.00 (0.00%) 8,452. Key Data. 52wk Low 1.26. 52wk High 36.61. Mkt Cap 236.34m.
Why is Edu stock down 70 percent over 5 days?
Jun 11, 2021 · Price as of April 20, 2022, 8:00 p.m. ET Citi spins on a dime and downgrades to sell. What happened Shares of Chinese online after-school tutoring stock Gaotu Techedu ( GOTU -4.35% ), which changed...
Why are Chinese education Stocks Down Today?
Nov 08, 2021 · Price as of April 4, 2022, 8:00 p.m. ET An opportunity may be on the horizon for the hard-hit tutoring stock. What happened Shares of Gaotu Techedu ( GOTU 11.43% ) were gaining today on news that...
What happened to GAOTU's Larry Chen?
Jul 23, 2021 · The stock price of Gaotu Techedu Inc (NYSE: GOTU) fell over 55% pre-market. This is why it happened. Investors are responding negatively to a Bloomberg report that the Chinese government is reportedly considering converting tutoring companies into non-profit organizations.
Why did Gotu stock drop?
Following the crackdown on Chinese tutoring stocks last year as the Chinese government banned them from making a profit on most of their tutoring services directed at children, Gaotu Techedu is down a whopping 98.5% from its peak roughly a year ago.Jan 26, 2022
Is Gotu stock a buy?
Gaotu Techedu Stock Forecast FAQ Out of 4 analysts, 0 (0%) are recommending GOTU as a Strong Buy, 0 (0%) are recommending GOTU as a Buy, 1 (25%) are recommending GOTU as a Hold, 0 (0%) are recommending GOTU as a Sell, and 3 (75%) are recommending GOTU as a Strong Sell.
Will Gotu stock go up?
CLSA does not see either upside or downside right now giving GOTU "" on their last update on Mar 11, 2022. The price target was changed from 1.54 to 9.41....Predicted Opening Price for GSX Techedu Inc. of Monday, April 18, 2022.Fair opening price April 18, 2022Current price$1.58$1.58 (Undervalued)
Will TAL Education survive?
There's a case to be made that as Tal Education has dipped down in terms of both price and earnings-per-share, it is set to recover and resume a climb upward. However, in the short-term, it's likely that other setbacks will continue to plague Tal Education, even as it makes incremental gains in future weeks.
Is CEI a good investment?
CEI received an overall rating of 47, which means that it scores higher than 47% of stocks. Additionally, Camber Energy Inc scored a 14 in the Energy sector, ranking it higher than 14% of stocks in that sector. CEI has an Overall Score of 47.Mar 21, 2022
Citi spins on a dime and downgrades to sell
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
Shares of Chinese online after-school tutoring stock Gaotu Techedu ( NYSE:GOTU), which changed its name from "GSX Techedu" last week, closed down 9% on Friday after investment bank Citigroup downgraded the stock all the way from buy to sell.
Now what
According to Citi, Chinese news site Xinhua Net quoted Chinese President Xi Jinping commenting that "students should not rely for their studies on after-school tutoring."
What happened
The next steps, warns Citi in a note covered today on TheFly.com, could be for Chinese regulators to impose controls on "excessive capitalization," put caps on pricing, ban advertising of tutoring services, and perhaps even restrict tutoring sessions to weekends and holidays.
So what
Shares of Gaotu Techedu ( GOTU 1.49% ) were gaining today on news that the Chinese government would issue licenses for after-school tutoring companies like Gaotu, according to The Wall Street Journal.
Now what
Gaotu Techedu is one of several companies in talks with regulators to be allowed to provide tutoring services to ninth-grade students and younger.
Premium Investing Services
Gaotu Techedu was one of several Chinese tutoring stocks, including New Oriental Education and TAL Education Group, to collapse this summer over the crackdown on the sector. Year to date, the stock is still down a whopping 94%.
GOTU Provides Update on Regulatory Development
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GOTU announces management change
GOTU declared on 19 th August 2021 that the Beijing Municipal Committee and the Beijing Municipality Government mutually gave the Beijing Municipality’s Measures. These measures will Reduce the Burden of Homework and After-School Tutoring on Students in Compulsory Education in Beijing.
New Regulation Updates
Mr. Wei Liu, Vice President, has resigned for personal reasons, according to the announcement on 17 th August 2021. On the same day, the resignation becomes effective.
Media Reports by GOTU
The General Office of the CPC Central Committee and the General Office of the State Council jointly announced the Opinions on Further Alleviating the Burden of Homework.
