GSX Techedu (NYSE:GSX) Shares Gap Up to $16.00

GSX Techedu Inc. (NYSE:GSX) gapped up before the market opened on Thursday . The stock had previously closed at $17.00, but opened at $16.00. GSX Techedu shares last traded at $15.53, with a volume of 50,170 shares traded.

Separately, Barclays reaffirmed a “buy” rating on shares of GSX Techedu in a research note on Wednesday, July 31st.

The stock has a 50 day simple moving average of $11.97.

Several large investors have recently added to or reduced their stakes in GSX. Price T Rowe Associates Inc. MD bought a new stake in shares of GSX Techedu during the second quarter worth $45,026,000. Bank of America Corp DE bought a new stake in shares of GSX Techedu during the second quarter worth $39,540,000. UBS Asset Management Americas Inc. bought a new stake in shares of GSX Techedu during the second quarter worth $13,488,000. JPMorgan Chase & Co. bought a new stake in shares of GSX Techedu during the second quarter worth $9,459,000. Finally, Sylebra Capital Ltd bought a new stake in shares of GSX Techedu during the second quarter worth $9,711,000. Institutional investors and hedge funds own 1.34% of the company’s stock.

GSX Techedu Company Profile (NYSE:GSX)

GSX Techedu Inc operates as an online education company in the People's Republic of China. The company provides online K-12 large-class after-school tutoring services. It offers English courses for children in kindergarten; and courses that help children in grade one through grade seven. The company also provides foreign language courses, including English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams in China; and professional courses primarily for working adults preparing for professional qualification exams comprising teacher's qualification, the Chartered Financial Analyst designation, fund qualification, and securities qualification exams.

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