RTTNews | Jun 15, 2021 11:06AM EDT

11:05 Tuesday, June 15, 2021 (RTTNews.com) - Chinese education company TAL Education Group (TAL) dropped 2% early in the Wednesday market despite no news from the company to cause it.

After the start of the government crackdown in the Chinese education sector, a lot of the private tuition-based companies have lost their hold in the market. TAL is one of the most prominent of the lot. In the last month, TAL has lost 39% in value.

Currently, the shares are trading hands at $28.78, down 3.45% or $1.05 per share from $29.82 at the close on Monday. The shares opened at $30.33 in the morning and in the 52-week period, the shares have ranged between $25.25 and $90.96.

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