Shares of New Oriental Education & Technology Group (EDU) Drops by -0.5%

New Oriental Education & Technology Group (EDU) has risen sharply, recording gains of 3.67% in the past 4 weeks. However, the stock has corrected -0.5% in the past 1 week, providing a good buying opportunity on dips. New Oriental Education & Technology Group (EDU) : During the past 4 weeks, traders have been relatively bearish on New Oriental Education & Technology Group (EDU), hence the stock is down -0.67% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.97% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 0.76% and the 50-Day Moving Average is 1.52%.

New Oriental Education & Technology Group (NYSE:EDU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.30 and $40.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.49, notching a gain of 0.05% for the day. The total traded volume was 1,181,437 . The stock had closed at $41.47 on the previous day.

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Institutional Investors own 79.11% of New Oriental Education & Technology Group shares.

New Oriental Education & Technology Group Inc. is a provider of private educational services in the Peoples Republic of China (the PRC). The Company offers a range of educational programs, services and products, consisting primarily of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. The Company operates through six segments: language training and test preparation, primary and secondary school education, online education, content development and distribution, post-secondary education and overseas study consulting services. All of the Companys schools, learning centers and bookstores operate under its New Oriental brand.

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