2U (NASDAQ:TWOU) : Traders are bullish on 2U (NASDAQ:TWOU) as it has outperformed the S&P 500 by a wide margin of 10.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.83%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 10.23% in the last 1 week, and is up 12.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 2.07% from its 1 Year high price. On Sep 22, 2015, the shares registered one year high at $39.69 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $28.82 and the 200 Day Moving Average price is recorded at $24.69.
The stock has recorded a 20-day Moving Average of 11.84% and the 50-Day Moving Average is 15.08%.
2U (NASDAQ:TWOU): stock turned positive on Friday. Though the stock opened at $32.59, the bulls momentum made the stock top out at $33.43 level for the day. The stock recorded a low of $32.3605 and closed the trading day at $32.55, in the green by 1.37%. The total traded volume for the day was 651,208. The stock had closed at $32.11 in the previous days trading.
In an insider trading activity,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.