Where Will New Oriental Education & Tech Grp (EDU) Stock Go Next After It Has Risen 8.12% in a Week?

New Oriental Education & Tech Grp (EDU) stock is higher by 8.12% over the past week and gets a Bullish rating from InvestorsObserver 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!

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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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With EDU Stock Today?

New Oriental Education & Tech Grp (EDU) stock is lower by -4% while the S&P 500 has gained 1.74% as of 1:47 PM on Monday, May 23. EDU has fallen -$0.50 from the previous closing price of $12.49 on volume of 1,378,252 shares. Over the past year the S&P 500 has fallen -5.42% while EDU has fallen -86.78%. EDU lost -$6.17 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for New Oriental Education & Tech Grp click here.

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. Click Here to get the full Stock Report for New Oriental Education & Tech Grp stock.