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Why Gaotu Techedu, New Oriental Education, and TAL Education Stocks Sold Off Today

TheMotleyFool

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Why Gaotu Techedu, New Oriental Education, and TAL Education Stocks Sold Off Today: https://g.foolcdn.com/editorial/images/724625/man-examines-a-stock-chart-superimposed-on-a-chinese-flag.jpg

Tuesday is shaping up to be a rough day for Chinese for-profit education stocks -- even on a generally ebullient, bad-banking-news-free day in the U.S. market.

The broad S&P 500 index was up a solid 2.1% as of 11:30 a.m. ET, but shares of China's New Oriental Education & Technology Group (NYSE: EDU) were off 7%, Gaotu Techedu (NYSE: GOTU) had slid by 7.6%, and TAL Education (NYSE: TAL) was doing worst of all -- down 12.4%.

According to the market watchers at StreetInsider.com, TAL is to blame for the segment's sell-off.

Source Fool.com

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