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Why Gaotu Techedu, New Oriental Education, and TAL Education Stocks Sold Off Today

Why Gaotu Techedu, New Oriental Education, and TAL Education Stocks Sold Off Today

The broad S&P 500 index was up a solid 2.1% as of 11:30 a.m. ET, but shares of China's New Oriental Education & Technology Group (NYSE: EDU) were off 7%, Gaotu Techedu (NYSE: GOTU) had slid by 7.6%, and TAL Education (NYSE: TAL) was doing worst of all -- down 12.4%. The news here is both good and bad.