Why GSX Techedu Is Tumbling 10% Today

Rich Duprey, The Motley Fool
·1 min read
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.