Recent Insider Activity Suggests Potential Gains for 2U Inc. (TWOU)


2U Inc.’s recent filing unveils that its CHIEF PRODUCT OFFICER McCullough Aaron acquired Company’s shares for reported $0.14 million on Aug 17. In the deal valued at $3.14 per share,45,700 shares were bought. As a result of this transaction, McCullough Aaron now holds 348,524 shares worth roughly $ 1.12 million.

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Robert W. Baird downgraded its 2U Inc. [TWOU] rating to a Neutral from a an Outperform in a research note published on Friday, August 09, 2023; the price target was decreased to $4 from $12. PT values the company’s stock at a premium of 19.5 to its Friday closing price.

Price Performance Review of TWOU

On Friday, 2U Inc. [NASDAQ:TWOU] saw its stock jump 1.58% to $3.22. On the same session, the stock had its day’s lowest price of $3.19, but rose to a high of $3.39. Over the last five days, the stock has gained 4.89%. 2U Inc. shares have fallen nearly -48.64% since the year began. Nevertheless, the stocks have fallen -54.78% over the past one year. While a 52-week high of $13.15 was reached on 02/03/23, a 52-week low of $2.83 was recorded on 08/18/23. SMA at 50 days reached $3.71, while 200 days put it at $5.92. A total of 0.88 million shares were traded, compared to the trading of 1.05 million shares in the previous session.

Levels Of Support And Resistance For TWOU Stock

The 24-hour chart illustrates a support level at 3.14, which if violated will result in even more drops to 3.07. On the upside, there is a resistance level at 3.34. A further resistance level may holdings at 3.47. The Relative Strength Index (RSI) on the 14-day chart is 45.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.00%. Stochastics %K at 28.97% indicates the stock is a holding.

How much short interest is there in 2U Inc.?

A steep rise in short interest was recorded in 2U Inc. stocks on Aug 14, 2023, growing by 1.1 million shares to a total of 8.13 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.03 million shares. There was a rise of 13.53%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.59% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.09.

2U Inc. [TWOU] – Who Are The Largest Shareholders?

In filings from ARK Investment Management LLC, it is revealed that the company now owns 8,783,754 shares, or roughly 10.92% of the outstanding TWOU shares. In other words, the investor’s shares have fallen by -541,851 from its previous 13-F filing of 9325605.0. Additionally, The Vanguard Group, Inc. decreased -14.51% of its stake after which the total value it holdings stand at $29,505,692, while Greenvale Capital LLP added 8.34% of its stake to hold $27.47 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 375,069 shares of 2U Inc., while Nikko Asset Management Americas, bought -66,358 shares. At present, Morgan Stanley & Co. LLC is holding 4,966,161 shares valued at $23.74 million. D. E. Shaw & Co. LP owned 2,628,274 shares of the company at the time of its most recent 13F filing, worth $12.56 million.

According to FactSet, 2U Inc.’s share price will average $6.04 in the next year, based on opinions of analysts polled by the firm. This is up nearly 89.27 percent from its previous closing price of $3.17. Analysts expect 2U Inc. stock to reach the higher price of $9.00, while the lowest price estimate is $4.00. However, 11 analysts have rated TWOU stock as an Overweight in their predictions for 2023.


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