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GSX Techedu Stock Surprisingly Reached All-Time Highs on Thursday

TheMotleyFool

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GSX Techedu Stock Surprisingly Reached All-Time Highs on Thursday

Shares of Chinese education company GSX Techedu (NYSE: GSX) just keep climbing higher, and reached all-time highs on Thursday. The company has been berated with fraud allegations over the past few months, but the stock continues rising all the same.

On May 19, GSX Techedu management began to publicly counter the accusations made against it. Since then, the stock has nearly doubled. And since the company went public last year, its stock is up over 500%, demolishing the S&P 500 over that time.