Why New Oriental Education Stock Was Tanking This Week

Why New Oriental Education Stock Was Tanking This Week

Shares of New Oriental Education (NYSE: EDU) have tanked this week as investors brace for the Chinese government's anticipated crackdown on the private tutoring industry. The government is expected to unveil a set of strict regulations designed to tighten controls on the sector. As of 1:40 p.m. EDT on Thursday, New Oriental Education shares had shed 21% of their value week-to-date.