Large Outflow of Money Witnessed in New Oriental Education & Technology Group

New Oriental Education & Technology Group (EDU) : Net money flow in New Oriental Education & Technology Group (EDU) was negative ($5.12 million) and the inflow of money on uptick was $14.28 million, whereas, the outflow of money on downticks amounted to $19.4 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.74. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $4.38 million. On the other hand, the total value of block trades done on downticks was $10.68 million. The ratio of uptick to downtick block trades was 0.41. The money flow in block trades was negative ($6.3). New Oriental Education & Technology Group (EDU) gained $1.42 cent during the day and reached $42.13, a gain of 3.49% over the previous day.

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Institutional Investors own 81.24% of New Oriental Education & Technology Group shares.

New Oriental Education & Technology Group (NYSE:EDU): The stock opened at $41.19 and touched an intraday high of $42.38 on Friday. During the day, the stock corrected to an intraday low of $41.19, however, the bulls stepped in and pushed the price higher to close in the green at $42.14 with a gain of 3.51% for the day. The total traded volume for the day was 1,863,989. The stock had closed at $40.71 in the previous trading session.

New Oriental Education & Technology Group (EDU) has been under a strong bear grip, hence the stock is down -2.8% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.71% in the past 1 week. The stock has risen by 4.23% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.93% in the past 4 weeks.

New Oriental Education & Technology Group Inc. is a provider of private educational services in the Peoples Republic of China (the PRC). The Company offers a range of educational programs, services and products, consisting primarily of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. The Company operates through six segments: language training and test preparation, primary and secondary school education, online education, content development and distribution, post-secondary education and overseas study consulting services. All of the Companys schools, learning centers and bookstores operate under its New Oriental brand.

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