** Shares of Kip McGrath Education Centres Ltd KME.AX up rise as much as 22.6% to A$0.515, their highest level since late February
** The after-school tuition services provider says it will cease funding for and exit from its loss-making U.S. business
** Stock set for strongest intraday session since August 21, 2024, if gains hold
** Stock last up 19%, bringing YTD gains to 3.3%
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.