EDU - Why Shares of New Oriental Education & Technology Group Gaotu Techedu and Jiayin Group Are Rising This Week
2023-04-20 13:29:48 ET
Shares of several Chinese stocks moved higher this week thanks to earnings results and new economic data from China.
Shares of the online education company New Oriental Education & Technology Group (NYSE: EDU) had surged nearly 17.4% this week as of 1:07 p.m. ET Thursday, according to data from S&P Global Market Intelligence .
Meanwhile, shares of the fintech company Jiayin Group (NASDAQ: JFIN) traded more than 17% higher, while another online education company, Gaotu Techedu (NYSE: GOTU) , was up more than 7%.
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Why Shares of New Oriental Education & Technology Group, Gaotu Techedu, and Jiayin Group Are Rising This Week