Why Gaotu Techedu Was Climbing Today

Shares of Gaotu Techedu (NYSE: GOTU) were moving higher today after the Chinese online tutoring company reported first-quarter earnings this morning, and seemed to benefit from news that the Chinese government was roling back COVID-19 restrictions, which lifted a number of Chinese stocks today.

As of 1:08 p.m. ET, Gaotu Techedu stock was up 10.6%.

Image source: Getty Images.

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Source Fool.com