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Chinese K-12 education stocks plunge, momentum likely to continue

Moomoo News · Jul 23, 2021 04:48 · Movers

EDU +1.92% TAL +2.01% COE +9.37% YQ +22.22% GOTU +7.55%

Chinese K-12 education stocks are falling in premarket after target prices were lowered heavily by CICC.

The epic $New Oriental Education & Technology Group(EDU.US)$ is down 40.63% at $3.87 and the $TAL Education Group(TAL.US)$ is lower by 49.61% at $10.34. The $Gaotu Techedu Inc.(GOTU.US)$ plunges the most by 49% at $4.8. The $17 Education & Technology Group(YQ.US)$ also lost 34%, while The $CHINA ONLINE EDUCATION GROUP(COE.US)$ has dropped the least by 32.49% at $4.51.

Other Chinese education concept stocks that are also influenced by the event include $Youdao, Inc(DAO.US)$, $Puxin Ltd(NEW.US)$, $Zhangmen Education(ZME.US)$ and $LAIX Inc.(LAIX.US)$.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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