New Oriental Education & Technology Group Inc. ADR’s recently made public that its Officer Hsieh Louis acquired Company’s shares for reported $1.32 million on Nov 07 ’24. In the deal valued at $61.87 per share,21,363 shares were bought.
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A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Morgan Stanley began covering EDU with “an Overweight” recommendation on November 07, 2023.
Price Performance Review of EDU
On Tuesday, New Oriental Education & Technology Group Inc. ADR [NYSE:EDU] saw its stock jump 6.54% to $63.84. Over the last five days, the stock has gained 8.59%. New Oriental Education & Technology Group Inc. ADR shares have fallen nearly -12.01% since the year began. Nevertheless, the stocks have fallen -21.01% over the past one year. While a 52-week high of $97.23 was reached on 03/04/24, a 52-week low of $54.00 was recorded on 11/14/24. SMA at 50 days reached $65.22, while 200 days put it at $75.00.
Levels Of Support And Resistance For EDU Stock
The 24-hour chart illustrates a support level at 61.42, which if violated will result in even more drops to 59.00. On the upside, there is a resistance level at 65.14. A further resistance level may holdings at 66.44. The Relative Strength Index (RSI) on the 14-day chart is 59.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.80%. Stochastics %K at 86.74% indicates the stock is a selling.
How much short interest is there in New Oriental Education & Technology Group Inc. ADR?
A steep rise in short interest was recorded in New Oriental Education & Technology Group Inc. ADR stocks on 2024-11-15, dropping by 5928.0 shares to a total of 6.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.14 million shares. There was a decline of -0.1%, which implies that there is a negative sentiment for the stock.
