Why TAL Education Group (TAL) Went Down on Tuesday

We recently published a list of 10 Stocks Got Wiped Out. Are You Holding Any? In this article, we are going to take a look at where TAL Education Group (NYSE:TAL) stands against other worst-performing stocks.

TAL Education dropped its share prices by 7.46 percent on Tuesday to close at $10.17 apiece as cautious investors continued to sell off positions amid renewed calls for the delisting of Chinese companies from US stock exchanges.

According to a report by Financial Times, top Republican financial officers from 21 states have asked Securities and Exchange Commission Chairman Paul Atkins, through a letter dated May 20, to review the possibility of delisting Chinese firms from US exchanges in a bid to protect US investors.

The companies were accused 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.

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

While headquartered in China, TAL Education Group (NYSE:TAL) chose the US stock exchange to list publicly.

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.

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