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Why 2U Is Jumping 7% This Week

·2 min read
Why 2U Is Jumping 7% This Week
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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. Investing legend Peter Lynch famously noted, "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."