Buy $EDU - NRPicks 18 Jun
New Oriental Education &Technology Group Inc is a China-based company primarily engaged in the provision of educational programs, services and products. The company offers education to its students in online classrooms through its platform.
EDU shares have plunged this week as investors brace for the Chinese government's anticipated crackdown on the private tutoring industry. The government is expected to unveil a set of strict regulations designed to tighten controls over the sector.
Some analysts point out that approximately 50% of New Oriental Education's revenue should be unaffected by the changes, so a 25% or so pullback should be accompanied by a rebound in the share price.
EDU shares have plunged this week as investors brace for the Chinese government's anticipated crackdown on the private tutoring industry. The government is expected to unveil a set of strict regulations designed to tighten controls over the sector.
Some analysts point out that approximately 50% of New Oriental Education's revenue should be unaffected by the changes, so a 25% or so pullback should be accompanied by a rebound in the share price.
Trade closed manually:
$8.55 June 25