Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 2U Inc shares valued at $50,895 were purchased by McCullough Aaron on Dec 12 ’23. At $0.99 per share, McCullough Aaron acquired 51,565 shares. The insider’s holdings grew to 400,089 shares worth approximately $0.1 million following the completion of this transaction.
Also, Macias Edward S. sold 2,300 shares, netting a total of over 2,300 in proceeds. Following the sale of shares at $1.00 each, the insider now holds 87,299 shares.
Before that, McCullough Aaron had added 45,700 shares to its account. In a trade valued at $143,498, the CHIEF PRODUCT OFFICER bought 2U Inc shares for $3.14 each. Upon closing the transaction, the insider’s holdings increased to 45,700 shares, worth approximately $87131.0.
As published in a research note from Needham on February 13, 2024, 2U Inc [TWOU] has been rated down from a Buy to a Hold. Analysts at Cantor Fitzgerald downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of November 10, 2023, Barrington Research has decreased its “an Outperform” rating to a “Mkt perform” for TWOU. Earlier on August 09, 2023, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for TWOU stock which previously was a “an Outperform”.
Analyzing TWOU Stock Performance
During the last five days, there has been a drop of approximately -11.06%. Over the course of the year, 2U Inc shares have dropped approximately -79.67%. Shares of the company reached a 52-week high of $1.2400 on 01/02/24 and a 52-week low of $0.2305 on 04/24/24. A 50-day SMA is recorded $0.3695, while a 200-day SMA reached $1.7218. Nevertheless, trading volume fell to 5.53 million shares from 2.37 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 0.2357, which, if violated, would cause prices to drop to 0.2213. In the upper region, resistance lies at 0.2592. The next price resistance is at 0.2683. RSI (Relative Strength Index) is 31.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0584, which suggests the price will decrease in the coming days. Percent R is at 87.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
