Why 2U Is Jumping 7% This Week
After a disastrous reception to its fourth-quarter earnings report that caused 2U's (NASDAQ: TWOU) stock to plunge 45% last week, the provider of online degree programs to colleges and universities rebounded 6.8% from where it finished trading a week ago, according to data from S&P Global Market Intelligence.
Insiders obviously thought that was a ridiculous response to 2U's solid results and cautious outlook, as they swooped in to scoop up hundreds of thousands of shares of the deeply depressed stock.
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Source Fool.com
