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Tag: REDU

  • RISE Education Cayman Ltd (REDU) stock is moving high in premarket – Find out the actual reason.

    RISE Education Cayman Ltd (REDU) stock has seen an increase of 9.45% in premarket despite any official news. However, the last trading session closed at $0.51 with a decrease of 0.59%.

    Nasdaq Notice – What’s up?

    REDU announced on 18th January 2022 that the company has received Nasdaq notice of Non-compliance and Non-binding Proposals for a Business Combination. The Nasdaq Stock Market LLC informed the Company that its Listing Qualifications department had decided that the Company’s securities would be delisted unless the Firm filed a review before a Nasdaq Hearings Panel in a timely manner.

    Closure of Sale of Rising – More About it

    On 30th December 2021, REDU announced the closure of the Sale of Rising. The company has sold all the equity interests to Wuhan Xinsili Culture Development Co., Ltd and Bain Capital Rise Education IV Cayman Limited. Not only this but the settlement with lenders ended in connection with the Sale on December 30, 2021. As part of the Settlement, the Lenders have ceded all interests in the Edge business, which provides admission counseling, academic tutoring, and test prep solutions to students planning to study abroad in Hong Kong and Singapore.

    About REDU

    RISE presents a highly dynamic American K-12 curriculum based on tight requirements while delivering interactive multimedia to kids both in and out of the classroom, based on HMHG’s professional experience and great goods. Moreover, REDU has become a progressive household name in the English language learning sector after ten years of growth.

    Not only this but REDU provides youngsters with the opportunity to learn English in a fun and fully immersive setting that will pique their interest in the subject. RISE not only improves children’s language skills, but also teaches them how to comprehend the logic, cultural nuances, and reasoning procedures that underpin language. Lastly, RISE also emphasizes the development of leadership abilities in children, such as teamwork, presentation, project management, problem-solving, and creativity.

  • Here’s why RISE Education Cayman Ltd (REDU) Stock Skyrocketing in the Premarket

    Rise Education Cayman Ltd (REDU) is an innovative junior English language training provider. Some of the educational programs by the company include the sale of course material, study tours, and a variety of educational courses. The company also provides consultation services regarding tests and admissions. The company also offers STEAM courses enrollment that includes integration of various subjects such as science, technology, engineering, arts, and math.

    The price of REDU stock during the regular trading on December 23, 2021, was $0.53 with a significant increase of 5.04%. At last check in the premarket on December 27, 2021, the stock was remarkably up by 14.45%.

    REDU: Events and Happenings

    On December 23, 2021, REDU reported the outcomes of the Company’s extraordinary general meeting of shareholders held on the same date. Shareholders at the meeting, via a resolution, approved various matters of interest.

    On December 1, 2021, REDU reported that Wuhan Xinsili Culture Development company, Rise Education Information Consulting company, Beijing Step Ahead Education Technology Development company, RISE Education International company and Rise IP Limited company had partnered for a purchase agreement.

    On November 22, 2021, REDU reported about the resignation of Ernst & Young Hua Ming LLP. It was independent registered public accounting firm of REDU. The decision was effective from November 19, 2021. On October 27, 2021, REDU reported about the receipt of an initial proposal letter on October 18, from the company’s CEO. The letter was forwarded with regards to substantially purchase all the assets of Rise Education Information Consultation Company, and Beijing Step Ahead Education Technology Development Company.

    On October 8, 2021, REDU reported the receipt of letter from Nasdaq. The letter indicated that REDU was not complying with the least bid price obligation of US$1.00 per share.

    On August 16, 2021, REDU updated that the company had not published the quarterly earnings report. The company will inform soon about its recent earnings report.

    Conclusion

    The REDU stock is 10% down from the past month. The company is remarkable in its premarket performance and reported 15% surge in the stock price mainly due to the success of its general meeting of stockholders. It points out the successful strategies of the company which attracted the potential investors.

  • Best Performing Stocks amidst Mixed Sentiment

    Best Performing Stocks amidst Mixed Sentiment

    The markets are mixed this afternoon. The S&P 500 is hovering between positive and negative territory after testing pre-COVID-19 levels earlier in the day. The price action reflects the sentiment in the market at the moment. On one hand, investors are looking forward to stronger markets after proving to be resilient all through the pandemic.

    On the other hand, there are real fears that the markets could be overvalued, especially when considering the weak economic data that has come out recently. This may also explain the rise of the NASDAQ today. This index is tech-heavy and investors have been getting into these stocks for their quality. A company like Amazon is dominant in its industry and is well-capitalized, making it a high potential stock under the current economic environment. The same can be said of the other big tech stocks. In this environment of mixed sentiment, there are stocks that are doing extremely well. Some of the top performers this afternoon are:

    RISE Education Cayman Ltd [NASDAQ: REDU]

    RISE Education is on the rise this afternoon and is up by 56%. This follows the company’s announcement of strong Q2 results. The company stated that in Q2, it continued with the investments that it started in Q2. The CEO stated some of the investments that they continued in Q2  were in human development. The company continued to hire highly talented people and was specifically targeting people with strong tech skills. The  CEO  further stated that its franchise learning centers restarted most of their operations in the quarter and that they were now operating at 92%  of their operations. The company further added that its revenues had increased by 111.7% in the quarter This was driven by the phased reopening of its franchise learning centers. The company also reported that its marketing revenues, reduced in the quarter mainly due to better utilization of staff.

    Aduro Biotech Inc [NASDAQ: ADRO]

    Aduro Biotech is another top performer this afternoon and is up by 28%.  This is mainly price action at play. The stock has been trading in a range for weeks now and was bond to break out in any direction.  The upside breakout on high volumes points to a stock that is picking up as optimism in the equity markets rise. Given the strong performance of biotech stocks recently, this stock could see its value keep growing.

    GrowGeneration Corp [NASDAQ: GRWG]

    GrowGeneration Corp is another top performer today after releasing strong Q2 results. The company announced that in Q2,, revenues increased by `123%  compared to a similar quarter in Q2 of 2019. Gross profits also increased by 99% in the quarter when compared to Q2 of 2019. These strong metrics could give this stock upside momentum throughout the week.