CHIEF PRODUCT OFFICER McCullough Aaron acquired 45,700 shares of 2U Inc. [TWOU]


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 2U Inc. shares valued at $143,498 were purchased by McCullough Aaron on Aug 17. At $3.14 per share, McCullough Aaron acquired 45,700 shares. The insider’s holdings grew to 348,524 shares worth approximately $1.07 million following the completion of this transaction.

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As published in a research note from Robert W. Baird on August 09, 2023, 2U Inc. [TWOU] has been rated down from an Outperform to a Neutral and the price target has been revised to $4 from $12. This represents a 23.0% premium over Thursday’s closing price.

Analyzing TWOU Stock Performance

On Thursday, 2U Inc. [NASDAQ: TWOU] plunged -5.23% to $3.08. The stock’s lowest price that day was $3.07, but it reached a high of $3.35 in the same session. During the last five days, there has been a surge of approximately 0.65%. Over the course of the year, 2U Inc. shares have dropped approximately -50.88%. Shares of the company reached a 52-week high of $13.15 on 02/03/23 and a 52-week low of $2.83 on 08/18/23. A 50-day SMA is recorded $3.82, while a 200-day SMA reached $6.04. Nevertheless, trading volume fell to 1.05 million shares from 1.45 million shares the previous day.

Support And Resistance Levels for 2U Inc. (TWOU)

According to the 24-hour chart, there is a support level at 2.98, which, if violated, would cause prices to drop to 2.89. In the upper region, resistance lies at 3.26. The next price resistance is at 3.45. RSI (Relative Strength Index) is 41.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 85.21%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is 2U Inc. subject to short interest?

Stocks of 2U Inc. saw a sharp rise in short interest on Jul 30, 2023 jumping by 30000.0 shares to 7.3 million. Data from Yahoo Finance shows that the short interest on Jun 29, 2023 was 7.27 million shares. A jump of 0.41% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.22 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.22.

Which companies own the most shares of 2U Inc. (TWOU)?

According to ARK Investment Management LLC filings, the company currently owns 8,783,754 shares, which is about 10.92% of the total TWOU shares outstanding. The investor’s shares have plunged by -541,851 from its previous 13-F filing of 9325605.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $29,505,692. Greenvale Capital LLP acquire a 8.34% interest valued at $27.47 million while BlackRock Fund Advisors purchased a 375,069 stake. A total of -66,358 shares of 2U Inc. were bought by Nikko Asset Management Americas, during the quarter, and -257,122 were sold by Morgan Stanley & Co. LLC. In its current portfolio, D. E. Shaw & Co. LP holds 2,628,274 shares valued at $12.56 million.

In terms of 2U Inc. share price expectations, FactSet research, analysts set an average price target of $5.84 in the next 12 months, up nearly 73.85% from the previous closing price of $3.25. Analysts anticipate 2U Inc. stock to reach $9.00 by 2023, with the lowest price target being $4.00. In spite of this, 12 analysts ranked 2U Inc. stock as an Overweight at the end of 2023.


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