The shares of Ambow Education Holdings Ltd. (NYSE: AMBO) were down 10.20% in early trades today. AMBO stock risen nearly 33% in trading on Monday, touching a low of $2.34 while hitting a high of $3.19. During the trading session, the volume of Ambow stock was 178.99 million shares, representing an increase of 4442.77% over the 30-day average session volume of 3.94 million shares. The AMBO stock closed at $2.45 in the previous trading session. Following news that AMBO and Amazon agreed to expand their partnership, AMBO stock enjoyed a spike on Monday. But the investors taking profit seems to be hurting the stock price today.
What was the collaboration for?
Among the leading providers of educational and career enhancement services in China, Ambow offers high-quality, individualized services and products. Providing services and products in 15 of China’s 34 provinces and autonomous regions, AMBO has its own network of regional service hubs, and a proprietary learning platform and distributors.
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Ambow announced yesterday that it had expanded its strategic partnership with Amazon by launching an Artificial Intelligence training course for teachers.
AMBO’s ongoing effort to collaborate with prestigious enterprises to deliver AI education in schools is part of the reasons behind the deepened partnership. Investing in training with Amazon’s Web Services has been a crucial part of Ambow since 2018.
AMBO and Amazon Web Services have recently launched live-streaming courses on artificial intelligence (AI) education and training for teachers, using their respective strengths and advantages in educational expertise and business practices.
What will AMBO achieve?
The collaborative courses in the AI landscape will contribute to talent cultivation, curriculum development, and the development of shared platforms for innovative educational resources at AMBO. This collaboration will also increase the Ambow (AMBO)’s abilities to meet the growing employment needs of engineers.