2U (TWOU) Stock Continues to Surge in Bankruptcy Rally

Core Viewpoint - 2U (NASDAQ:TWOU) stock has experienced significant volatility following its bankruptcy filing, with a notable rally of 15.5% as of Tuesday morning, and a previous surge of over 100% during normal trading hours [1][4][5]. Stock Performance - The stock's daily trading volume reached over 31 million shares, significantly higher than its average of approximately 2.5 million shares [1]. - Following the bankruptcy announcement, TWOU stock initially dropped by around 60% before the recent rallies [5]. Bankruptcy and Restructuring - 2U is utilizing the bankruptcy filing to restructure its debt through agreements with lenders, allowing the company to continue operations during this process [6]. - The company anticipates exiting bankruptcy by the end of September [6]. Market Impact - The bankruptcy filing has introduced considerable volatility to the stock, raising concerns about its potential impact on the company's listing on the Nasdaq Exchange [2][4].