TAL Education Group (NYSE: TAL) saw its stock gain 11% last month, according to S&P Global Market Intelligence. The boost nearly erased the prior month's decline to leave shares up by more than 30% so far in 2019.
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The stock has been volatile in recent months thanks to the escalating trade war between the U.S. and China, in addition to growing investor worries about a slowdown in the world's second largest economy. TAL Education's last earnings report didn't conclusively answer any of these concerns, since it paired sharp attendance growth with profitability declines.
The company is predicting that its expansion will hold roughly steady at about 30% for the current quarter. Achieving -- or surpassing -- that figure would add weight to management's bullish outlook for the private tutoring industry in China. Until that quarterly announcement, though, shareholders can expect to see the stock continue to swing in response to developments around China's growth rate and Wall Street's bullish (or bearish) opinions on Chinese stocks.
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This article was originally published on Fool.com