Why Shares of 2U, Inc. Fell 18.2% in September
Shares of 2U, Inc. (NASDAQ: TWOU) fell 18.6% in the month of September, according to data from S&P Global Market Intelligence. The online education provider cooled off after the stock had run up over the first eight months of the year, like much of the technology sector. 2U did recently sell shares to the public, but that was back in August after a strong second quarter earnings report.
Additionally, the company may have suffered from some guilt-by-association after another online education rival came under scrutiny by a short-seller.
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Source Fool.com
