Home  »  Equity News   »  New Oriental Education & Technology Group Inc....

New Oriental Education & Technology Group Inc. (EDU) Stock Declined after Reverse Split related Rise

New Oriental Education & Technology Group Inc. (EDU), a company providing private educational services in China, closed Thursday’s regular session at $11.90 after a mammoth jump of 848.21% during the day, attributable to a reverse stock split. In the premarket, EDU has declined by 4.20% and is trading at $11.41 at the time of the writing.

EDU to Release Q3 2022 Results

The latest release from EDU was regarding the date of the financial results announcement. The company announced hours ago that it would report the financial results for Q3 2022 before the opening of the market on the 26th of April 2022. The management of the company intends to host a conference call on the same day as well, where it would discuss the financial results and operational developments of the third quarter of 2022.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report

Sponsored

Educational Industry on Brink of Rise

Education stocks, like EDU, have grown over several years, because they had strong fundamentals. This makes them ideal for investors who are looking for opportunities across the market. Also, a shift toward innovation has played a significant role in changing the fortunes of the sector, for example, the e-learning market is expected to be worth $243 billion during the current year.

Facing Wrath of Chinese Authorities

In 2021, the shares of EDU slipped down by more than 90%, largely owing to the ban on for-profit tutoring by the Chinese authorities. As a result of that step, several educational companies, including EDU, saw a significant fall in their value. However, in the wake of these steps, EDU has found new methods to keep itself floating, but it hasn’t been able to do much to improve its volatile situation.

Concluding Remarks

Looking ahead, EDU doesn’t seem to be heading toward a good situation soon. As the stock shows volatile signs, investors tend to invest for a shorter time, which further exacerbates the capriciousness associated with it. However, as the audit-related issues between US and China are heading toward a peaceful resolution, which was a major bone of contention for Chinese stocks, investors should also look toward longer-term investment in EDU stock to attain solid returns.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]