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New Oriental Education & Technology Group Slips 13%

April 24, 2024 — 11:37 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - New Oriental Education & Technology Group Inc. (EDU) shares are sliding more than 13 percent on Wednesday morning trade, despite higher earnings and growth in revenues.

Currently, shares are at $77.68, down 13.29 percent from the previous close of $89.59 on a volume of 7,253,546.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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