Why 2U Stock Jumped 39.7% in August
Shares of 2U (NASDAQ: TWOU) climbed 39.7% in August, according to data from S&P Global Market Intelligence, only partially recovering from its nearly 70% plunge in July. For perspective, nearly all of July's drop occurred on the final trading day of that month, after the online-education platform leader reported solid second-quarter results but drastically tempered expectations for its near-term growth plans.
IMAGE SOURCE: GETTY IMAGES.
2U did have some company-specific news (both good and concerning) to share last month, including its first online undergrad degree program at the University of London, as well as new fintech "boot camps" from its Trilogy subsidiary in partnership with Columbia Engineering and Rice University. The company also announced the retirement of its CFO of seven years, Catherine Graham.
Source Fool.com
