New Oriental Education (EDU) Off Lows as Analyst Clarifies Comments

December 4, 2012 11:04 AM EST
New Oriental Education & Technology Group (NYSE: EDU) moves off the lows of the session after analysts at Wells Fargo clarify their early comment about the stock in light of the SEC charges against Chinese subsidiary of the big four accounting firms:

Wells analyst said, "UPDATE: Our intention is to identify an emerging risk factor related to all U.S.-listed Chinese companies. We have no reason to believe that EDU is the particular subject of an SEC investigation and do not mean to imply this."

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