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
Amazon's much-awaited Prime Day shopping event will take place in mid-October, according to multiple reports. The annual sale event will reportedly kick off in the U.S. on Tuesday, October 13. Amazon Prime Day, the company's biggest, global shopping event of the year, is usually held in the U.S. in mid-July. However, the e-commerce giant confirmed in July that it is delaying this year's event. Walmart Foundation, Cargill and McDonald's said they will invest more than $6 million in a million-acre grazing initiative to help restore grasslands and address the issue of climate change. The initiative, led by the World Bank, aims to make lasting improvements to the grasslands of the Northern Great Plains. The new program is known as the Ranch Systems and Viability Planning or RSVP network. Shell International Petroleum Co. Ltd. and Microsoft Corp. formed a strategic alliance to develop new solutions to achieve net-zero emissions. The alliance will support Shell's ambition to be a net-zero emissions energy business by 2050. Meanwhile, Shell's supply of renewable energy to Microsoft is expected to help it deliver on its renewable energy supply goals.
RELATED NEWS
Follow RTT