In June 2024, the performance of 2U Inc. (TWOU) shares exhibited substantial volatility and a significant overall decline. At the beginning of the month, the stock was valued at $8.613000000000087 per share. Throughout June, however, there was a sharp decrease of -42.25%, with the stock price plummeting to $5.13 by the end of the month.
At its peak, 2U Inc.'s stock reached $9.750000000000098 on June 6, 2024. Unfortunately, this high was short-lived. The lowest point of the month was recorded on June 28, 2024, when the stock price fell to $4.85.
Notably, on June 20, 2024, the stock experienced a brief uplift, rising by 4.51% following the release of news regarding the legal challenges and economic hurdles faced by the company. Despite this temporary increase, the stock's overall trajectory for the month remained negative.
Moreover, 2U Inc.'s performance was notably inferior compared to the broader market and industry trends. While shares in the Software and Programming industry saw an average increase of 10.3% during the same period, 2U Inc.'s shares were trailing significantly.
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