BlackRock acquired 306k Gsx Techedu shares worth $8.28M. The first Gsx Techedu trade was made in Q4 2020. Since then BlackRock bought shares four more times and sold shares on nine occasions.
China's crackdown on for-profit education continues.
The stock price of GSX Techedu Inc (NYSE: GSX) increased by over 20% during intraday trading. This is why it happened.