The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. New Oriental Education & Technology Group Inc. ADR shares valued at $1,299,725 were purchased by Hsieh Louis on Jan 22 ’25. At $60.84 per share, Hsieh Louis acquired 21,363 shares.
Also, Hsieh Louis purchased 21,363 shares, netting a total of over 1,321,729 in proceeds.
As published in a research note from Citigroup on January 24, 2025, New Oriental Education & Technology Group Inc. ADR [EDU] has been rated down from a Buy to a Neutral and the price target has been revised to $50. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late January. As of January 22, 2025, Macquarie has decreased its “an Outperform” rating to a “an Underperform” for EDU. Earlier on January 22, 2025, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for EDU stock which previously was a “an Overweight”.
Analyzing EDU Stock Performance
During the last five days, there has been a drop of approximately -2.37%. Over the course of the year, New Oriental Education & Technology Group Inc. ADR shares have dropped approximately -24.74%. Shares of the company reached a 52-week high of $64.38 on 01/07/25 and a 52-week low of $44.46 on 01/21/25. A 50-day SMA is recorded $57.96, while a 200-day SMA reached $68.10. Nevertheless, trading volume fell to 1.56 million shares from 21919.0 shares the previous day.
Support And Resistance Levels for New Oriental Education & Technology Group Inc. ADR (EDU)
According to the 24-hour chart, there is a support level at 47.40, which, if violated, would cause prices to drop to 46.49. In the upper region, resistance lies at 48.82. The next price resistance is at 49.33. RSI (Relative Strength Index) is 36.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 77.28%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
