Shares of New Oriental Education & Technology Group (EDU) Sees Large Outflow of Money

New Oriental Education & Technology Group (EDU): The stock had negative money flow to the tune of ($1.14 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $2.51 million, whereas, the outflow of money on downticks was $3.65 million and the ratio between the two was 0.69. The block trade had a negative net money flow of ($1.02 million). On the other hand, downticks amounted to $1.02 million of the traded value, which shows distribution in the stock by traders. New Oriental Education & Technology Group (EDU) closed with marginal gains of 17 cents to end the day at $40.45, an increase of 0.42% over the previous days close. The stock recorded 0.05% for the week.

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Also, Brean Capital initiates coverage on New Oriental Education & Technology Group (NYSE:EDU) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $52 per share. The rating by the firm was issued on July 21, 2016.

New Oriental Education & Technology Group Inc. has lost 2.12% in the last five trading days and dropped 5.64% in the last 4 weeks. New Oriental Education & Technology Group Inc. has dropped 3.4% during the last 3-month period . Year-to-Date the stock performance stands at 29.61%.

New Oriental Education & Technology Group (NYSE:EDU): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.28 and $40.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.66, notching a gain of 0.94% for the day. The total traded volume was 630,526 . The stock had closed at $40.28 on the previous day.

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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