New Oriental Education & Technology (EDU) Stock Doesn’t Stop Surging With No News

Due to the decline in the private education services industry in China, New Oriental Education & Technology’s stock has declined by 9% in the past month. EDU stock is up 2.76% on Friday to $2.23. It has been quite some time since the company has been in the news. On October 18, 2021, the company announced that it would hold its annual general meeting on November 18. The meeting is scheduled to take place on November 18 at 6. Hai Dian Zhong Street, Beijing, China. In addition, the company noted in its announcement that the annual meeting will be held to discuss the company’s activities and its various plans and proposals.
EDU is trading below the 20-day and 50-day moving averages of $2.15 and $2.14, respectively. It operates through three segments: K-12 AST, Test Preparation, and Other Courses. It offers online education courses and private tutoring courses to students in China. It also offers language training courses, such as English, German, French, and Spanish. It also operates a full-fledged private school in Yangzhou that has a focus on English. It also develops and edits educational material for test preparation and language training.

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