Why 2U Stock Soared 39.1% in November

Shares of 2U (NASDAQ: TWOU) jumped 39.1% in November, according to data from S&P Global Market Intelligence, both as the online-education platform company faced pressure from activist investors to consider "strategic alternatives" and after it released quarterly results.

On the former, shares rallied more than 15% on Nov. 4, 2019, alone after Bloomberg reported Sachem Head Capital Management had built a position in 2U, specifically with "plans to push the company to explore strategic alternatives, including a sale." Investors haven't received further details on such plans since then, however.

IMAGE SOURCE: GETTY IMAGES.

Continue reading

Source Fool.com