Chinese education stocks tank following new rules from regulators including barring for-profit tutoring Check out this morning's top movers from around Wall Street, compiled by The Fly.
UP AFTER EARNINGS -
- Bally's (BALY) up 3%
- Hasbro (HAS) up 4%
- uniQure (QURE) up 3%
DOWN AFTER EARNINGS -
- Lennox (LII) down 3%
- Phillips (PHG) down 5%
- RPM (RPM) down 4%
- ATI Physical Therapy (ATIP) down 42%
LOWER -
- Iterum Therapeutics (ITRM) down 38% after announcing the FDA has completed its review of the sulopenem etzadroxil/probenecid NDA and has determined that it cannot approve the NDA in its present form
- Tencent Music (TME) down 10% after Reuters reported China's market regulator said it would bar the company from exclusive music copyright agreements and fined the company for unfair market practices in the online music market after its acquisition of China Music Corporation
- Tonix Pharmaceuticals (TNXP) down 34% after announcing that the company has decided to stop enrollment in the Phase 3 RALLY study of TNX-102 SL 5.6 mg for the management of fibromyalgia following an unblinded, pre-planned interim analysis by the Independent Data Monitoring Committee of the RALLY study
- MorphoSys (MOR) down 5% after narrowing its FY21 revenue guidance
DOWN AFTER PRIVATE EDUCATION CRACKDOWN BY CHINESE REGULATORS:
- Tal Education (TAL) down 27%
- New Oriental Education (EDU) down 25%
- Gaotu Techedu (GOTU) down 24%
- Zhangmen Education (ZME) down 28%
- China Online Education (COE) down 22%
- Youdao (DAO) down 21%
- OneSmart (ONE) down 12%
Symbols:
BALY HAS QURE LII - $320.56 /
+4.835 (+1.53%)
PHG RPM ATIP ITRM TME TNXP MOR TAL - $6.00 /
-14.525 (-70.78%)
EDU GOTU ZME COE ONE DAO Keywords: Fly Intel, Wall Street, Top Stories, Stocks