2U Inc. (TWOU) had a rough trading day for Tuesday October 08 as shares tumbled 5.26%, or a loss of $-0.865 per share, to close at $15.57. After opening the day at $16.36, shares of 2U Inc. traded as high as $16.45 and as low as $15.51. Volume was 1.24 million shares over 12,943 trades, against an average daily volume of n/a shares and a total float of 63.33 million.
As a result of the decline, 2U Inc. now has a market cap of $985.81 million. In the last year, shares of 2U Inc. have traded between a range of $80.49 and $11.37, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
2U Inc enables colleges and universities to bring their degree programs online. Its solutions are delivered on a cloud-based software-as-a-service platform, which enables clients to reach students globally. The firm’s flagship online learning environment application, Online Campus, delivers content in a virtual live class setting and facilitates social networking between students. Solutions include content development, student acquisition, application monitoring, and other capabilities. The firm generates revenue through subscription fees to software offerings on a 10- to 15-year basis. A large majority of the firm’s revenue is generated in the United States.
2U Inc. is based out of Lanham, MD and has some 2,669 employees. Its CEO is Christopher J. Paucek.
2U Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.