The market has been neutral on New Oriental Education & Tech Grp (EDU) stock recently. EDU gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.
New Oriental Education & Tech Grp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on EDU!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With EDU Stock Today?
New Oriental Education & Tech Grp (EDU) stock has fallen -4.06% while the S&P 500 has risen 0.94% as of 9:46 AM on Monday, Aug 8. EDU is down -$1.09 from the previous closing price of $26.84 on volume of 118,863 shares. Over the past year the S&P 500 has fallen -5.60% while EDU has risen 17.05%. EDU lost -$6.93 per share in the over the last 12 months.
More About New Oriental Education & Tech Grp
EDU, founded in 1993, is the largest well-established one-stop shopping private educational services provider in China. EDU has had over 52.8 million student enrollments, including about 8.4 million enrollments in fiscal 2019. As of third-quarter fiscal 2020, EDU had a network of 1,416 learning centers, including 99 schools, 12 bookstores and access to a national network of online and offline bookstores through 160 third-party distributors and over 38,400 highly qualified teachers in 86 cities. EDU offers a diversified portfolio of educational programs, services and products to students in different age groups, including K-12 after-school tutoring for major academic subjects, overseas and domestic test preparations, nonacademic languages and services in vocational training, and so on.
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