Why TAL Education Group (TAL) Shares Crashed Yesterday

We recently published a list of 10 Firms Mirror Wall Street Decline. In this article, we are going to take a look at where TAL Education Group (NYSE:TAL) stands against other firms mirroring Wall Street decline.

Wall Street’s main indices suffered a bloodbath on Tuesday, as investors shifted to other higher-yielding assets following better Treasury yields.

The Nasdaq Composite led the drop, losing 1.89 percent, followed by the S&P 500 declining 1.11 percent. Meanwhile, the Dow Jones dipped by 0.42 percent.

The overall market downturn dragged down the prices of these 10 companies. In this article, let’s explore the reasons behind their decline.

To come up with Tuesday’s top losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A teacher providing personalized instruction to a student in a small class environment.

TAL Education Group (NYSE:TAL)

Shares of TAL Education (NYSE:TAL) dropped for a second day on Tuesday, losing 7.28 percent or $0.71 points to close at $9.04 apiece over the lack of catalysts to spark buying appetite.

Despite the decline, prospects for the company remained strong with Zack Research expecting the company to post quarterly earnings of $0.04 per share in its upcoming report, representing a more than 200 percent increase year-on-year. Meanwhile, revenues are expected to settle at $549.71 million, up 47.2 percent from the same period last year.

TAL Education (NYSE:TAL) said it continuously refines and expands its learning programs to deliver high-quality educational experiences. The company’s Peiyou small-class offerings, which have been a significant driver of revenue, are being enhanced through standardized lecturing approaches and interactive, student-centric learning experiences.

Overall, TAL ranks 9th on our list of firms mirroring Wall Street decline. While we acknowledge the potential of TAL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TAL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.