New Oriental (EDU) Soars 7.9%: Is Further Upside Left in the Stock?

New Oriental Education (EDU) shares rallied 7.9% in the last trading session to close at $65. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.5% loss over the past four weeks. Shares of EDU are expected to have gained on the optimism induced by the release of a fiscal stimulus on Tuesday by the People's Bank of China. The stimulus encompasses interest rate cuts and additional funding opportunities, which ha ...