Why Is New Oriental Education (EDU) Stock Up Again Today?

InvestorPlace2022-06-15

New Oriental Education(EDU) stock is jumping on live streaming news.The company has shifted to selling goods online while teaching about them.This comes after regulations in China forced it to change ...

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LEESIMON
2022-06-16
LEESIMON
ok
Big Little
2022-06-16
Big Little
Thanks
CHECK1894
2022-06-16
CHECK1894
Good
HolyTiger
2022-06-16
HolyTiger
Why not. Fortunate rotate mysteriously
logostauros
2022-06-16
logostauros
Lol
WilliamFish
2022-06-15
WilliamFish
Great ariticle, would you like to share it?

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This has the company teaching lessons about the goods it features before selling them.That might sound strange but it’s right up New Oriental Education’s alley. The company was previously one of the largest tutor businesses in China before regulations put that to a halt. With for-profit teaching no longer allowed, EDU switched focus in an effort to remain in business.And it looks like that’s finally starting to pay off. The company saw daily sales from its live stream jump past 15 million yuan on Friday. That’s a major victory considering it was stuck at less than 1 million yuan a day in sales prior to that, reportsReuters.To go along with that news, shares of EDU stock are seeing higher-than-normal trading today. This has some 10 million shares on the move as of this writing. 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Fortunate rotate mysteriously&nbsp;","listText":"Why not. Fortunate rotate mysteriously&nbsp;","text":"Why not. 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