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Why New Oriental Education & Technology Stock Jumped This Week

·2-min read

New Oriental Education & Technology (NYSE: EDU) shareholders beat a surging market this week. The Chinese education services specialist's shares rose 17% through Friday afternoon trading, according to data provided by S&P Global Market Intelligence, compared to a 4% surge in the S&P 500. New Oriental on Wednesday announced fiscal fourth-quarter results for the period that ended in late May. Sales fell sharply as the company reduced its footprint in some areas while expanding more deeply into some established markets in big Chinese cities.