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Why 2U Stock Popped Today

TheMotleyFool

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Shares of 2U (NASDAQ: TWOU) were up 15.6% as of 3:15 p.m. EST Monday after Bloomberg reported an activist investor is planning to pressure the online education platform specialist to consider strategic alternatives.

Citing "people familiar with the matter," Bloomberg says Scott Ferguson's Sachem Head Capital Management has built a position in 2U -- though its sources noted the size of Sachem's stake is unclear -- and "plans to push the company to explore strategic alternatives, including a sale."

Image source: Getty Images.

Source Fool.com

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