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Why Youdao Stock Was Gaining Today

·2 min read
Why Youdao Stock Was Gaining Today
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Shares of Youdao (NYSE: DAO), a Chinese online education specialist, were rising on Thursday after the company delivered better-than-expected results in its fourth-quarter earnings report. As of 1:41 p.m. EST today, the stock was up 9.6% even as tech stocks were broadly crashing. Youdao operates in the fast-growing online education segment and has enjoyed tailwinds from the pandemic over the last year, which has driven a shift to online learning in China and elsewhere.