logo
Plus   Neg
Share
Email

Stock Alert: Wah Fu Education Soars 500%

Stocks of Chinese education-based companies like Wah Fu Education (WAFU), Tarena International (TEDU), Four Seasons Education (FEDU) and Ambow Education (AMBO) have recorded significant gains on Thursday morning despite no stock-related news to drive the shares.

WAFU is currently trading at $14.15, up $11.90 or 528.89%, while TEDU is trading at $2.9399, up $0.5399 or 22.4958%, on the Nasdaq.

FEDU is trading at $1.54, up $0.27 or 21.26%, and AMBO is trading at $2.58, higher by $0.88 or 51.76%.

These micro-cap companies are trending in a similar manner like a few of Chinese financial technology companies did on Wednesday - Jiayin Group, (JFIN), Wins Finance Holdings (WINS) and China Finance Online (JRJC), had closed 727%, 271% and 89% higher respectively.

Meanwhile, stocks of big Chinese education companies like Tal Education (TAL), China Distance Education Holdings Limited (DL), GSX Techedu Inc. (GSX) and New Oriental Education (EDU) are not showing any big movements today.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Co. filed a lawsuit against Siemens Energy AG, accusing the German power distribution company of stealing trade secrets for gas turbines. Siemens Energy allegedly used the information to get at least nine contracts to supply gas turbines to public utilities, and also covered up improper business gains. Following a court ruling, the U.S. Food and Drug Administration postponed the effective date for tobacco manufacturing companies to display new health warnings on cigarette packets and in advertisements, by additional 90 days. The warnings with color images is to promote greater public understanding of the negative health consequences of smoking. JPMorgan Chase & Co (JPM) reported strong results in the fourth quarter of 2020, with net profit up 42% largely driven by credit reserve releases of $2.9 billion. The Group said it ended the year with a CET1 ratio of 13.1% and capital above $200 billion, providing with meaningful capacity to further...
RELATED NEWS
Follow RTT