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Stock Alert: Wah Fu Education Group Surges 68%

Shares of Wah Fu Education Group Limited (WAFU) are gaining more than 68 percent or $3.40 in Friday's morning trade at $8.40 despite no specific news that could move the stock.

U.S. stocks opened near the flat line on Friday after Gilead Sciences Inc. said that based on new data, its coronavirus treatment candidate remdesivir was associated with an improvement in clinical recovery and a 62 percent reduction in the risk of mortality compared with standard of care.

Beijing-based Wah Fu Education is a provider of online exam preparation services and related technology solutions in the People's Republic of China.

The stock has traded in a range of $1.17 to $15.39 in the past 52 weeks.

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