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GSUN - Why Golden Sun Education Is Plunging Hard Today
Golden Sun Education Group Limited
Shares of Golden Sun Education Group (NASDAQ: GSUN) are plunging in morning trading Monday on no company-specific news, but the move follows a massive run-up on Friday, which also occurred for no good reason.
At 11:48 a.m. ET, the Chinese education stock was down 31.6% to $36.16 per share. Considering it surged some 200% at one point on Friday before settling down to a 92% gain on the day, Golden Sun is still up 31% from Thursday's close.