Why GSX Techedu Stock Slumped Today
Shares of Chinese online-education company GSX Techedu (NYSE: GSX) were falling on Monday after an analyst downgraded the stock. As of 11:30 a.m. EDT, the stock was down 10% for the session.
It's surprising to see GSX Techedu stock fall on this analyst downgrade. It's hardly the first time the company's upside has been questioned. Back in May, research firm Muddy Waters announced it was short GSX Techedu stock, believing the company to be a fraud. Later, a research firm named Grizzly Research published a report in agreement with Muddy Waters.
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Source Fool.com
