Bulls vs. Bears: Who's Right About GSX Techedu's Stock?
GSX Techedu (NYSE: GSX) has been a polarizing stock since its IPO in mid-2019. The Chinese online education company went public at $10.50 a share, then soared above $110 last August as stay-at-home measures boosted demand for its services.
However, GSX has also faced accusations of over-inflated growth rates from prolific short-sellers, and concerns about stiffer competition and a post-pandemic slowdown have attracted even more bears.
The stock was heavily shorted until this January when a Reddit-fueled short squeeze briefly boosted the price to an all-time high of nearly $150 a share. But it subsequently plunged back to the low $30s amid two new headwinds.
Source Fool.com
