By | May 21, 2018

2U, Inc. (NASDAQ:TWOU) stock plunged -0.16% and closed at 95.53 on Monday. The stock opened the session at $95.98 and touched its highest price point at $97.76. Its recent trading capacity is 269987 shares versus to its average trading volume of 522094 shares. The company’s stock’s lowest price point for the session stood at $94.7.TWOU traded as low as $ 41.67 in the past 52 weeks, and shares hit its peak level to $98.58.

2U, Inc. (NASDAQ:TWOU), a global leader in education technology, today reported that Mark Chernis, who has served on the company’s board since 2009, will become its new chief operating officer.

Chernis joins 2U from Pearson, a global education company with employees in more than 80 countries, where he served as senior vice president of strategic partnerships and investments. Prior to Pearson, Chernis served as the president and chief operating officer of SchoolNet, which was acquired by Pearson in 2011. At the time of the acquisition, SchoolNet was the leading provider of instructional management software serving hundreds of school districts across the United States. Before SchoolNet, Chernis was with Princeton Review serving as its president. During his more than three decades of experience in the education sector, Chernis has held key leadership positions in many functional areas, helped orchestrate dozens of strategic transactions, and served on numerous corporate boards.

Chernis attended Vassar College and has been publicly elected three times to serve on the Board of Education for the Bedford Central School District in New York. Chernis has stepped down from 2U’s board in order to take on his new role as 2U COO.

2U Co-Founder and CEO Christopher “Chip” Paucek said “I’ve known Mark for two decades as a trusted thought partner, strategic advisor, and confidant”. “As we enter an exciting new phase of growth and international expansion, Mark will bring an incredible breadth of strategic, global, and operational experience in the education sector — as well as a unique understanding of 2U — to the executive team.”

Mark Chernis said “As one of the founding board members of 2U, I’ve had the great privilege to watch Chip and the 2U leadership team build one of the most innovative and successful companies in the education industry”.  “Now, it is with great enthusiasm that I look forward to becoming an executive of 2U and working alongside them to drive continued growth and great student outcomes.”

Shares of 2U, Inc. have been recently spotted trading -3.10% off of the 52-week high price. On the other end, company shares have been noted 129.26% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 41.67 – 98.58. Switching over to some distances from popular moving averages, we see that the stock has been recorded 10.91% away from the 50 day moving average and 39.09% away from the 200 day moving average. Moving closer, we can see that shares have been trading 9.19% off of the 20-day moving average.

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