RTTNews | Oct 27, 2021 11:39AM EDT

11:38 Wednesday, October 27, 2021 (RTTNews.com) - Chinese k-12 education service provider Puxin Limited (NEW) is trading 18% higher on the NYSE despite the company not reporting any corporate-related news to boost the shares. The company is on a 6-day-rise streak as of now.

Puxin is an education center that was also sanctioned by the local government from trading in foreign exchanges. Almost all the education service companies were asked to become non-profit by the authorities back in August. Since March, the stock has plummeted almost 90% in the market and this is the highest the company has been since August.

The shares are trading at $0.71, up $0.12 or 21.27% since the previous close at $0.58. The stock has opened at $0.71 in the morning. In the 52-week period, the shares have ranged between $0.44 and $9.17 per share.

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