New Oriental Education & Technology Group Inc. ADR’s recently made public that its Officer Hsieh Louis acquired Company’s shares for reported $1.3 million on Jan 22 ’25. In the deal valued at $60.84 per share,21,363 shares were bought.
Then, Hsieh Louis bought 21,363 shares, generating $1,321,729 in total proceeds.
China Renaissance downgraded its New Oriental Education & Technology Group Inc. ADR [EDU] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Morgan Stanley also remained covering EDU and has decreased its forecast on January 22, 2025 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Macquarie revised its rating on January 22, 2025. It rated EDU as “an Underperform” which previously was an “an Outperform”.
Price Performance Review of EDU
On Tuesday, New Oriental Education & Technology Group Inc. ADR [NYSE:EDU] saw its stock fall -0.95% to $48.94. Over the last five days, the stock has gained 1.20%. New Oriental Education & Technology Group Inc. ADR shares have fallen nearly -23.75% since the year began. Nevertheless, the stocks have fallen -41.14% over the past one year. While a 52-week high of $88.45 was reached on 01/07/25, a 52-week low of $40.66 was recorded on 04/08/25. SMA at 50 days reached $47.30, while 200 days put it at $57.90.
Levels Of Support And Resistance For EDU Stock
The 24-hour chart illustrates a support level at 48.48, which if violated will result in even more drops to 48.02. On the upside, there is a resistance level at 49.57. A further resistance level may holdings at 50.20. The Relative Strength Index (RSI) on the 14-day chart is 56.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.93%. Stochastics %K at 71.10% indicates the stock is a holding.
