July becomes a volatility maker for NASDAQ: HMHC while online learning becomes essential since the educational institutions shut down to avoid the outbreak. Today it grows over 20% with increasing daily volume to 14 million shares.
As the K12 (LRN) online studying platform, Houghton Mifflin Harcourt focuses on delivering effective learning for any student. COVID-19 crisis could give a lot of customers to online learning platforms thus their revenues have managed to stay steady and even rise significantly.
HMHC is still a penny stock that may open a potential opportunity for risk-loving investors. Until the crisis ends the stock may soar higher than expected along with surging revenue.