Why GSX Techedu Is Tumbling 10% Today
Shares of GSX Techedu (NYSE: GSX) were falling nearly 10% in afternoon trading Thursday despite China Merchants Securities analyst Tommy Wong upgrading the Chinese remote-learning company's stock from hold to buy.
Typically a big upgrade by an analyst, not to mention a hike in the price target which implies the stock should double in value, would send most stocks soaring, especially one as volatile as GSX Techedu.
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Source Fool.com
