Is Selling Bright Scholar Education Holdings Limited (BEDU) Here a Winning Strategy?

The stock of Bright Scholar Education Holdings Limited (NYSE:BEDU) is a huge mover today! The stock decreased 3.73% or $0.36 during the last trading session, reaching $9.3. About 83,480 shares traded or 23.09% up from the average. Bright Scholar Education Holdings Limited (NYSE:BEDU) has declined 39.87% since September 11, 2018 and is downtrending. It has underperformed by 39.87% the S&P500.
The move comes after 6 months negative chart setup for the $1.06B company. It was reported on Sep, 11 by Barchart.com. We have $8.46 PT which if reached, will make NYSE:BEDU worth $95.76 million less.

More notable recent Bright Scholar Education Holdings Limited (NYSE:BEDU) news were published by: Prnewswire.com which released: “Bright Scholar Accelerates Expansion of Overseas School Portfolio – PRNewswire” on July 08, 2019, also Seekingalpha.com with their article: “An Important Trend That Investor May Have Missed On TAL Education – Seeking Alpha” published on January 22, 2019, Fool.com published: “Bright Scholar Education Holdings Limited (BEDU) Q2 2019 Earnings Call Transcript – Motley Fool” on April 23, 2019. More interesting news about Bright Scholar Education Holdings Limited (NYSE:BEDU) were released by: Seekingalpha.com and their article: “Bright Scholar Education Holdings Limited 2019 Q3 – Results – Earnings Call Slides – Seeking Alpha” published on July 19, 2019 as well as Prnewswire.com‘s news article titled: “Bright Scholar Announces Pricing of its US$300 million 7.45% Senior Notes Due 2022 – PRNewswire” with publication date: July 24, 2019.

Bright Scholar Education Holdings Limited operates K-12 schools in the PeopleÂ’s Republic of China. The company has market cap of $1.06 billion. The Company’s schools comprise international schools, bilingual schools, and kindergartens. It has a 30.29 P/E ratio. The firm also offers a range of complementary education services, including international camps and after-school programs.

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