72 Biggest Movers From Yesterday
Gainers
Mechel PAO (NYSE: MTL) shares climbed 56.3% to settle at $5.00 on Tuesday. The company recently reported Q2results, including a 43% quarter-over-quarter revenue growth.
Stocks That Hit 52-Week Lows On Friday
Before 10 a.m. ET Friday, 117 stocks made new 52-week lows.
Why Chinese Education Stocks Are Trading Sharply Lower Today
Chinese education stocks are trading sharply lower Friday after a Bloomberg report suggested that China is considering asking tutoring firms to transition into non-profits, as the country continues its crackdown on the industry.
At last check Friday, the following companies were all trading significantly lower:
China Education Stocks Sharply Lower Premarket; Bloomberg Reported China Considering Asking Tutoring Firms to Turn Non-profit
https://www.bloomberg.com/news/articles/2021-07-23/china-is-said-to-mull-turning-tutoring-firms-into-non-profits
China Plans To Crackdown On Private Tutoring Companies: Reuters
China is planning a tough crackdown on the country's $120 billion private tutoring industry, Reuters reported.
China to Impose Tougher Restrictions on Private Tutoring Industry, Including Bns on Vacation Tutoring, Restrictions on Advertising
-Reuters
https://www.reuters.com/world/china/exclusive-china-unveil-tough-new-rules-private-tutoring-sector-sources-2021-06-16/
Stocks That Hit 52-Week Lows On Wednesday
On Wednesday morning, 19 companies hit new 52-week lows.
Morgan Stanley Downgrades Bright Scholar Education to Underweight, Announces $2.7 Price Target
Morgan Stanley analyst Sheng Zhong downgrades Bright Scholar Education (NYSE:BEDU) from Equal-Weight to Underweight and announces $2.7 price target.