Four Seasons Edu (Cayman) Inc ADR (NYSE: FEDU) stock price soared 69.1% after its board authorised a $15 million share repurchase program.
The company, which provides after-school education services, is based in Shanghai, China. The share repurchase program is effective starting today to repurchase its American depositary receipts worth up to $5 million.
Investors cheered the move, evidenced by the push higher and the high volume of shares traded today compared to its average daily traded volume.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
At the time of writing, over 4.21 million Four Seasons shares had changed hands compared to the 10-day average daily traded volume of 138,245 shares.
The share repurchases will be made periodically over the next 12 months and could include privately negotiated deals and open market share purchases.
Investors should not confuse the educational services company with the Four Seasons hotel chain, headquartered in Canada and trades on the Toronto Stock Exchange under the FS ticker.
Given the staggered nature of the share purchase, it is safe to say that today’s rally may not be sustained in the coming weeks, given that the company has a whole year to complete the program.
*This is not investment advice.
Four Seasons Edu stock price.
Four Seasons Edu stock soared 69.14% to trade at $0.9833 compared to Wednesday’s closing price of $0.5800.
Should You Invest in Four Seasons Edu Shares?
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It’s a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now
