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Why do foreign investors and Tencent reduce their holdings of New Oriental Online?
The main reason is that the increase of New Oriental Online is too high in a short time, and foreign capital and Tencent will also want to make profits as soon as possible.

For the shareholders who invested in New Oriental Online in the early days, many people themselves are not optimistic about the performance of New Oriental Online Capital Market, and even many people just focus on this investment. After New Oriental Online became popular overnight, the share price of New Oriental Online even surpassed that of 30 yuan, and many retail investors also chose to chase after it blindly. In this case, clearance is a relatively rational choice.

What is this thing?

This is news about the stock information of New Oriental Online. When the share price of New Oriental Online fell from 30 yuan to 26 yuan, foreign investors and Tencent successively cleared their positions, and Tencent directly obtained a return on investment of 720 million yuan in this way. Some people may think that New Oriental Online has an upward trend, but in fact, New Oriental Online has increased fivefold in just six days, which also means that New Oriental Online will come out of a decent callback market.

We can understand this behavior as profit taking.

Imagine that retail investors may choose to blindly pursue high prices, but for foreign investors and rational investors like Tencent, they will pay more attention to the security and stability of funds. After getting several times the return on investment, foreign investors and Tencent will of course choose to sell the corresponding stocks directly. Regardless of the future trend of New Oriental Online, at least foreign capital and Tencent have accounted for the corresponding return on investment, and rational investors will choose to sell directly.

What is my personal opinion?

Personally, I think New Oriental Online is just a concept that has been fried for a short time. Personally, I am not optimistic about the follow-up market of New Oriental Online. Especially after the so-called live delivery of New Oriental Online, the live delivery itself is related to all kinds of heat. It is difficult for us to look at the performance of New Oriental Online in the capital market in the medium and long term, so I personally recognize the operation methods of foreign capital and Tencent.