Large Inflow of Money Detected in 2U

2U (TWOU) : The money flow analysis of 2U (TWOU) indicates a $0.81 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $3.13 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 3.85 and so was the total money flow at $2.31 million. The bulls lapped up $2.14 million worth of block trades on upticks. The money flow was $2.14 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of 2U (TWOU), pushing it down by -0.15% for the day. The stock slid $0.05 and traded at $33.44 during the day. Nonetheless, the stock is 1.8% over the previous weeks close.


Also, Needham initiates coverage on 2U (NASDAQ:TWOU) . The global brokerage major announces a current price target of $40 per share. Analysts at the Needham have a current rating of Buy on the shares. The rating by the firm was issued on July 15, 2016.

2U (NASDAQ:TWOU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.47 and $33.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.79, notching a gain of 0.90% for the day. The total traded volume was 458,719 . The stock had closed at $33.49 on the previous day.

The stock has recorded a 20-day Moving Average of 10.03% and the 50-Day Moving Average is 16.15%. In a related news,The director of 2u, Inc., Chernis Mark sold 4,500 shares at $29.35 on June 10, 2016. The Insider selling transaction had a total value worth of $132,075. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

2U, Inc. is a provider of an integrated solution comprised of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform), that allows colleges and universities to deliver online degree programs. The Companys SaaS technology consists of an online learning environment, Online Campus, which acts as the hub for student and faculty academic and social interaction, and operations applications, which provide the content management, admissions application processing, customer relationship management and other necessary functionalities. The Company also provides technology-enabled services that support the complete lifecycle of a higher education program, including attracting students, advising prospective students through the admissions application process, providing technical, success coaching and other support, facilitating accessibility to individuals with disabilities, and facilitating in-program field placements.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.