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Chinese Education Stocks: What’s Happening With TAL, GOTU and EDU Today?

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Chinese education stocks are taking a beating on Friday thanks to new restrictions placed on them by their home country’s government.

a child takes notes while attending an online class. represents Chinese education stocks
a child takes notes while attending an online class. represents Chinese education stocks

Source: Travelerpix / Shutterstock.com

According to recent reports, China is cracking down further on education companies. That includes no longer allowing them to raise money through stock listings. This comes as China has been working to keep companies based out of it from listing shares on U.S. exchanges.

News of the changes from the government we’re hitting Chinese education stocks hard this morning. Many of them were falling during pre-market trading today. For some, that has continued into normal trading hours.

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Let’s take a look at some of these stocks and see how they are doing now.

Chinese Education Stocks on the Move

  • TAL Education (NYSE:TAL) stock starts us off with shares falling 65% as of Friday afternoon. That comes with some 127 million shares changing hands. For comparison, the company’s daily average trading volume is close to 16.2 million shares.

  • Gaotu Techedu (NYSE:GOTU) shares are next with the stock taking a 59% beating as of this writing. To go along with that, some 56 million shares have moved today. To put that in perspective, the company’s daily average trading volume is roughly 9.3 million shares.

  • New Oriental Education & Tech (NYSE:EDU) stock finishes us off with shares plummeting 60% on Friday. The company is also seeing some 543 million shares traded. That’s a massive increase compared to the company’s daily average trading volume of about 35.1 million shares.

Investors looking for more of the latest stock market news for Friday will want to keep scrolling.

InvestorPlace.com is staying on top of the market with coverage of the biggest stock stories today. That includes the hard seltzer news hitting Boston Beer (NYSE:SAM) stock today, what else to expect from the market on Friday, as well as why shares of Snap (NYSE:SNAP) are on the rise. You can learn all about these subjects by following the links below!

More Stock Market News for Friday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed

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