Why GSX Techedu Stock Jumped (Again) Today
Shares of GSX Techedu (NYSE: GSX) soared 18.7% on Wednesday, extending its nearly 10% pop on Tuesday following the Chinese education specialist's strong fourth-quarter report.
To be clear, there was no fresh news apart from yesterday's release that might have otherwise spurred today's gains. But it certainly helped that GSX stock had only just plunged more than 17% in last week's trading leading up to its quarterly update due to broader concerns over the effect of the coronavirus outbreak in the country.
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Source Fool.com
