Why TAL Education Group (TAL) Crashed On Friday

We recently published a list of These 10 Stocks Lost This Much Today. In this article, we are going to take a look at where TAL Education Group (NYSE:TAL) stands against other Friday’s worst performers.

TAL Education saw its share prices drop by 7.53 percent on Friday to end at $9.83 apiece as investors sold off positions to mitigate the risks of President Donald Trump’s ongoing crackdown on Chinese students.

The move dealt a major blow to China, with the two countries currently on a 90-day tariff truce. Washington’s targeting of Chinese international students has dampened hopes for a longer-term trade agreement between the two nations.

Additionally, investors remained cautious about Chinese firms listed on US stock exchanges amid renewed calls from finance officials from federal states to have them forcefully removed.

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

Officials accused the firms of not complying with federal audit requirements, audit deficiencies, crackdowns on firms that do due diligence research on Chinese companies, alleged stock manipulation, as well as national security concerns.

TAL Education Group (NYSE:TAL) is a Chinese company listed only on the US stock exchange. While its core business is in China, it also operates in other countries such as Hong Kong, the US, Canada, and Singapore.

TAL Education Group (NYSE:TAL) is an education services company that is investing heavily in Artificial Intelligence in a bid to bolster its modern learning products and services.

Overall, TAL ranks 10th on our list of Friday’s worst performers. While we acknowledge the potential of TAL, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TAL and that has 10,000x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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