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Why New Oriental Educational Stock Gained 17% Last Month

TheMotleyFool

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Why New Oriental Educational Stock Gained 17% Last Month

Shares of New Oriental Educational & Technology Group (NYSE: EDU) were climbing higher last month after the Chinese provider of tutoring and test-prep services reported better-than-expected earnings in its third quarter, and benefited from a number of positive analyst notes in the period. According to data from S&P Global Market Intelligence, the stock finished the month up 17%.

The chart below shows the gains throughout April.