New Oriental Education & Technology Group (EDU) : Fridays money flow data in New Oriental Education & Technology Group (EDU) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $7.82 million, whereas, $6.49 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.21, in favor of the bulls. The total money flow into the stock was $1.34 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $1.39 million. The total value of block trades done on upticks was $2.22 million. The value of bearish trades on downticks was only $0.83 million.The up/down ratio in the block trades was a healthy 2.69 in favor of the bulls, suggesting strong buying in the stock by large traders. New Oriental Education & Technology Group (EDU) fell $0.01 and traded at $44.4, down -0.02% for the day, over previous days close. On a weekly basis, the shares are 7.01% over the previous weeks close.
New Oriental Education & Technology Group (EDU) : The most positive equity analysts on New Oriental Education & Technology Group (EDU) expects the shares to touch $52, whereas, the least positive believes that the stock will trade at $25 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $43.68 with an expected fluctuation of $12.76 from the mean.
New Oriental Education & Technology Group (NYSE:EDU): On Fridays trading session , Opening price of the stock was $44.21 with an intraday high of $44.67. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $44.05. However, the stock managed to close at $44.38, a loss of 0.07% for the day. On the previous day, the stock had closed at $44.41. The total traded volume of the day was 1,131,040 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.