Worth Watching News for Traders: Tarena International (NASDAQ:TEDU)

On Wednesday Tarena International (NASDAQ:TEDU) stock fell -5.75% and closed at 0.82. The stock opened the session at $0.87 and touched its highest price point at $0.9. Its recent trading capacity is 123567 shares versus to its average trading volume of 131158 shares. The company’s stock’s lowest price point for the session stood at $0.81.TEDU traded as low as $ 0.69 in the past 52 weeks, and shares hit its peak level to $8.2.

On Nov. 20, 2019, Tarena International (NASDAQ:TEDU) released that the Nasdaq Hearings Panel (the Panel) has granted the Company’s request for an extended stay of any suspension of trading pending the ultimate conclusion of the Nasdaq hearing process.

On November 15, 2019, the Company timely requested a hearing before the Panel, at which hearing the Company will present its plan to evidence compliance with the Nasdaq filing requirement and an extension within which to do so. In accordance with the Nasdaq Listing Rules, the Company’s hearing request automatically stayed any suspension action by Nasdaq for 15 calendar days, or until November 20, 2019; however, the Company also requested a further extension of the stay beyond the 15-day period, which was granted by the Panel and will enable continued trading of the Company’s American Depositary Shares on Nasdaq at least pending the ultimate conclusion of the hearing process.

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