U.S. Stock Market Movement | Chinese Education Stocks Continue to Rise, New Oriental Surges Nearly 10%
On Tuesday, Chinese education stocks continued to rise. As of the time of publication, New Oriental Education rose nearly 10%, Gaotu Techedu rose over 6%, and TAL Education rose over 4.5%. In terms of news, New Oriental Education announced that its board of directors has approved an expansion of its share repurchase program. Under the share repurchase program, the total value of authorized repurchased shares has been increased from $400 million to $700 million. The expanded share repurchase program is valid until May 31, 2025. In addition, the company's board meeting will be held on the 19th of this month to consider the proposal to declare a special dividend
According to the information from Zhitong Finance and Economics APP, on Tuesday, Chinese education stocks continued to rise. As of the time of publication, New Oriental (EDU.US) rose nearly 10%, Gaotu (GOTU.US) rose over 6%, and TAL Education (TAL.US) rose over 4.5%. In terms of news, New Oriental announced that its board of directors has approved an expansion of its share repurchase plan. Under the share repurchase plan, the total value of authorized repurchased shares has been increased from $400 million to $700 million. The expanded share repurchase plan is valid until May 31, 2025. In addition, the company's board meeting will be held on the 19th of this month to review the proposal to declare a special dividend