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Why 17 Education & Technology Group Stock Is Getting Hammered Today

17 Education & Technology Group Inc-ADR (NASDAQ: YQ) shares are trading lower by 14.28% to $1.61 Thursday morning. Shares of several Chinese education companies are trading lower following reports suggesting China will further tighten supervision over its online education sector.
byHenry Khederian
December 29, 2022
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17 Education & Technology Group Inc-ADR (NASDAQ:YQ) shares are trading lower by 14.28% to $1.61 Thursday morning. Shares of several Chinese education companies are trading lower following reports suggesting China will further tighten supervision over its online education sector.

China’s move indicated its lack of preparation to unshackle the private tutoring arena despite loosening curbs on tech giants, Bloomberg reports.

Edtech companies in 2021 plunged after the Ministry of Education published a new set of restrictions that limit the fees and operating times of private tutoring services for primary and middle school students…Read More

See Also: Why TransCode Therapeutics Stock Is Trading Higher Today

According to data from Benzinga Pro, YQ has a 52-week high of $3.78 and a 52-week low of $0.61.

 
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