Monday, December 11, 2017 10:15 PM ET
Significant Insider buy of 2U (TWOU) Shares Breaks neutral Trend of Last Quarter
There was a significant insider purchase in 2U shares today as disclosed in a filing with the SEC. One insider — Paul A Maeder, Director — bought 67,830 shares in the company having a net market value of approximately $4,168,446. This is the first insider buy/sell trade in the past 90 days.
The number of insider buy/sell trades at 2U is less than that of the 160 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 261 buy/sell trades during this period for an average of 1.6 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 2,377,939 shares purchased and 15,904,366 shares sold with company insiders disposing of 51,825 shares on average over this time period.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data sourced to evaluate and write this story.
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