New Oriental Education & Technology Group (EDU) has risen sharply, recording gains of 4.76% in the past 4 weeks. However, the stock has corrected -0.72% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.35% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.42% and the 50-Day Moving Average is 5.91%. New Oriental Education & Technology Group Inc. is up 12.51% in the last 3-month period. Year-to-Date the stock performance stands at 40.45%.
New Oriental Education & Technology Group (NYSE:EDU): On Fridays trading session , Opening price of the stock was $44.81 with an intraday high of $45.07. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $43.73. However, the stock managed to close at $44.06, a loss of 2.35% for the day. On the previous day, the stock had closed at $45.12. The total traded volume of the day was 1,280,261 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.