U.S. stock market mid-session update: Quantasing down 7.02%

U.S. Stock Market Midday Update

Quantasing fell 7.02%, with increased trading volume. Based on recent important news:

1. On July 31, Quantasing announced the acquisition of the remaining equity of Letsvan, raising market doubts about the integration effect, leading to a decline in stock price.

2. On July 31, Quantasing was awarded the ESG Supply Chain Impact Award, but it failed to boost the stock price.

3. On August 1, Quantasing released its financial report, showing a 39.6% year-on-year decline in revenue, raising market concerns.

Stocks with High Trading Volume in the Industry

Duolingo fell 3.22%, with increased trading volume. Based on recent key news:

1. On July 30, Duolingo's short interest rose by 5.49%, leading to increased bearish sentiment in the market, putting pressure on the stock price.

2. On July 28, Pomerantz LLP announced a class action lawsuit against Duolingo, accusing it of securities fraud, causing the stock price to drop by 6.48%.

3. On July 31, Asia Financial announced that its stock price and trading volume experienced unusual fluctuations, but no specific reasons for the fluctuations were found.

Bright Horizon Family Solutions rose 10.53%, with a trading volume of $137 million. Based on recent key news:

1. On August 1, Bright Horizon Family Solutions announced its quarterly performance for the period ending June 30, 2023, which attracted market attention and drove the stock price up by 10.53%.

2. On August 1, the company announced revenue growth in the first half of the year, an expanded profit margin, and raised its full-year revenue and earnings per share expectations, further boosting investor confidence.

3. On August 1, management emphasized continued investment in enrollment, technology, and portfolio optimization, particularly making progress in backup care and UK operations, enhancing market confidence in the company's future development.

New Oriental rose 0.16%, with increased trading volume. Based on recent important news:

1. On July 30, New Oriental released its fourth-quarter results, with net profit down 73.7% year-on-year, leading to stock price volatility.

2. On July 30, New Oriental announced an extension of its share repurchase plan and increased the total repurchase value to $700 million, boosting market confidence.

3. On July 31, Morgan Stanley lowered New Oriental's target price due to its fiscal year 2026 revenue guidance being below market expectations, impacting the stock price.

Stocks with High Market Capitalization in the Industry

Pearson rose 5.45%, with a market capitalization of $9.747 billion. Based on recent key news:

1. On August 1, Pearson expected strong sales growth in the second half of the year and reaffirmed its forecasts for sales growth and adjusted operating profit for 2025, driving the stock price up by 4%.

2. On August 1, Pearson's half-year financial report showed a 2% increase in underlying sales and adjusted operating profit, with a positive market response On July 30th, Pearson announced the winners of the 2025 Adobe Certified Professional World Championship, enhancing the company's brand image and market confidence