Overall market sentiment has been high on New Oriental Education & Tech Grp (EDU) stock lately. EDU receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
New Oriental Education & Tech Grp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EDU!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With EDU Stock Today?
New Oriental Education & Tech Grp (EDU) stock is up 0.92% while the S&P 500 is down -0.46% as of 1:49 PM on Wednesday, Oct 5. EDU has gained $0.24 from the previous closing price of $26.14 on volume of 566,628 shares. Over the past year the S&P 500 is down -12.26% while EDU has gained 35.28%. EDU lost -$6.93 per share in the over the last 12 months.
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More About New Oriental Education & Tech Grp
New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring, intelligent learning systems and devices, and study tours and research camps, and so on.
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