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Why Is It Moving? Looking At GSX Techedu's Price Action Today

March 30, 2021 10:37 am
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GSX Techedu's Stock Price And Volume Action

GSX Techedu (NYSE:GSX) is currently up 7.55% to a price of $33.97. The stock's current volume for the day is 8.80 million, which is approximately 81.7% of its previous 30-day average volume of 10.77 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: GSX Techedu shares are trading higher after the company announced Larry Xiangdong Chen, the company's founder, Chairman and CEO, intends to use his personal funds to purchase up to US$50 million of the company's shares over the next 12 months.

Perspective On Recent Price Action

The stock's 50-day moving average was $89.05 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $149.05 and fallen to a low of $27.06.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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