Another Chinese private education company, TAL Education (TAL), is down 11% in the closing day of the week on the Street. Just like other K-12 private education providers based in China, TAL is also subjected to the intense Government crackdown of the companies, resulting in a steep nose-dive in the company shares in the last few months.

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Another Chinese private education company, TAL Education (TAL), is down 11% in the closing day of the week on the Street. Just like other K-12 private education providers based in China, TAL is also subjected to the intense Government crackdown of the companies, resulting in a steep nose-dive in the company shares in the last few months.

RTTNews | Jul 16, 2021 10:59AM EDT

10:58 Friday, July 16, 2021 (RTTNews.com) - Another Chinese private education company, TAL Education (TAL), is down 11% in the closing day of the week on the Street. Just like other K-12 private education providers based in China, TAL is also subjected to the intense Government crackdown of the companies, resulting in a steep nose-dive in the company shares in the last few months.

TAL did pick up last week, primarily due to the news of UBS Asset management company (UBS) buying 4% shares in the company. In the last six months, the company has lost almost 70% of its market.

The shares are currently trading at $19.80, lower $2.14 or 9.75% from $21.94, at the bell on Thursday. The shares opened at $20.57 in the morning and in the 52-week period, the shares moved between $17.30 and $90.96.

Read the original article on RTTNews ( https://www.rttnews.com/3209720/tal-down-10-chinese-k-12-companies-continue-to-fall.aspx)

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