Why TAL Education Group Shares Are Popping Off
Portfolio Pulse from Henry Khederian
TAL Education Group (NYSE:TAL) shares are up 14.36% after a private survey showed growth in China's factory activity in May. The Caixin manufacturing PMI rose to 50.9 from 49.5 in April, indicating expansion. The US debt ceiling passage also lifted market sentiment.
June 01, 2023 | 7:07 pm
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TAL Education Group shares are up 14.36% after a private survey showed growth in China's factory activity in May and the US debt ceiling passage lifted market sentiment.
TAL Education Group's stock price is positively impacted by the news of growth in China's factory activity, as revealed by the Caixin manufacturing PMI. The index rose to 50.9 from 49.5 in April, indicating expansion. Additionally, the passage of the US debt ceiling has lifted overall market sentiment, further contributing to the increase in TAL's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100