APEI - Education stocks continue to sell off as sentiment sours

Education stocks continue to trade weak after last Friday's big sell-off tied to reports of new online education policies in China. The selling pressure today covers education names in different categories other than China. Decliners include Four Seasons Education ([[FEDU]] -18.9%), ATA Creativity Global ([[AACG]] -13.4%), GSX Techedu ([[GSX]] -11.7%), OneSmart International ([[ONE]] -10.1%), LAIX ([[LAIX]] -9.9%), iHuman ([[IH]] -9.3%), RYB Education ([[RYB]] -6.4%), Perdoceo Education ([[PRDO]] -5.5%), Ambow Education ([[AMBO]] -5.4%), Zovio ([[ZVO]] -5.8%), American Public Education ([[APEI]] -4.9%), TAL Education Group ([[TAL]] -6.4%) and Grand Canyon Education ([[EDU]] -4.2%). Citi tried to defend GSX Techedu earlier today with a two-notch upgrade to a Buy rating.

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Education stocks continue to sell off as sentiment sours