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AMBO: Ambow Education Shares Sink After Licensing Agreement Announcement
AMBOAmbow Education(AMBO) Gurufocus·2024-10-08 09:10

Core Viewpoint - Ambow Education's stock price experienced a significant decline of 18.91% to 3.26inpremarkettradingafteraprevioussurgeof226.833.26 in pre-market trading after a previous surge of 226.83% in the last trading session [1] Group 1: Stock Performance - The stock price fell to 3.26, marking an 18.91% decrease in pre-market trading [1] - This decline follows a substantial increase of 226.83% in the previous trading session [1] Group 2: Business Development - Ambow Education has entered into a $1.3 million non-exclusive, annually renewable licensing agreement with Inspiring Futures Pte. LTD [1] - The agreement allows Inspiring Futures to produce and sell the HybriU AI UniBox, an AI-driven educational solution, in international markets [1]