TAL Education Group (NYSE: TAL) shares are trading sharply lower by 15.23% to $5.62 Monday afternoon. Shares of Chinese companies are trading lower amid a pullback after gaining last week following the easing of zero-Covid restrictions.
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Gainers
Freight Technologies, Inc. (NASDAQ: FRGT) shares surged 137% to $0.4901 after analysts at Chardan Capital initiated coverage of the stock with a $2.25 price target.
Gainers
Good Times Restaurants (NASDAQ:GTIM) stock rose 16.6% to $2.63 during Monday's regular session. The market value of their outstanding shares is at $32.5 million.
Key Takeaways:
New Oriental Education returned to profitability in its latest reporting quarter, as its revenue declines continued to ease
The company’s new business mix after China banned K-12 tutoring in core curriculum areas includes non-academic tutoring and study abroad services
By Doug Young
TAL Education Group (NYSE: TAL) shares are trading higher by 16.00% to $3.92 during Wednesday's session in sympathy with peer online education technology company New Oriental Education & Tech Grp (NYSE: EDU).