In a filing, 2U Inc revealed its CHIEF PRODUCT OFFICER McCullough Aaron acquired Company’s shares for reported $50895.0 on Dec 12 ’23. In the deal valued at $0.99 per share,51,565 shares were bought. As a result of this transaction, McCullough Aaron now holds 400,089 shares worth roughly $0.14 million.
Then, Macias Edward S. sold 2,300 shares, generating $2,300 in total proceeds. Upon selling the shares at $1.00, the Director now owns 87,299 shares.
Before that, McCullough Aaron bought 45,700 shares. 2U Inc shares valued at $143,498 were divested by the CHIEF PRODUCT OFFICER at a price of $3.14 per share. As a result of the transaction, McCullough Aaron now holds 348,524 shares, worth roughly $0.12 million.
Needham downgraded its 2U Inc [TWOU] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who decreased its forecast for the stock in early November from “an Overweight” to “a Neutral”. Barrington Research also remained covering TWOU and has decreased its forecast on November 10, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. Robert W. Baird revised its rating on August 09, 2023. It rated TWOU as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of TWOU
On Friday, 2U Inc [NASDAQ:TWOU] saw its stock fall -2.22% to $0.35. Over the last five days, the stock has lost -9.67%. 2U Inc shares have fallen nearly -71.38% since the year began. Nevertheless, the stocks have fallen -94.82% over the past one year. While a 52-week high of $6.66 was reached on 01/02/24, a 52-week low of $0.31 was recorded on 03/19/24. SMA at 50 days reached $0.5194, while 200 days put it at $1.9459. A total of 0.96 million shares were traded, compared to the trading of 1.55 million shares in the previous session.
Levels Of Support And Resistance For TWOU Stock
The 24-hour chart illustrates a support level at 0.3397, which if violated will result in even more drops to 0.3274. On the upside, there is a resistance level at 0.3746. A further resistance level may holdings at 0.3972. The Relative Strength Index (RSI) on the 14-day chart is 40.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0200, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.61%. Stochastics %K at 35.07% 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 Mar 15, 2024, growing by 0.95 million shares to a total of 11.01 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.06 million shares. There was a rise of 8.63%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.21% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.33.
