By Christiana Sciaudone
- Good news for an old company. Houghton Mifflin (NASDAQ:HMHC) rose 52% on Thursday after introducing an online space for professional learning.
Houghton Mifflin, a 188-year-old publishing company, has fallen from a high of about $26 five years ago to just under $1 until Wednesday.
"Teacher’s Corner" will support continuous professional learning for educators, and will connect the company’s curriculum solutions via a digital teaching and learning platform called Ed: Your Friend in Learning.
“Whether it’s quickly prepping for a lesson, investing time picking up best practices for remote instruction, listening to a short podcast from a fellow teacher or joining a live event alongside hundreds of peers, Teacher’s Corner provides trusted resources that empower educators,” the company said in a statement.
Rival K12 (NYSE:LRN) on Thursday announced new online tools for elementary education, a day after saying it was hiring 1,300 educators for the upcoming school year. Shares of K12 are up 8.8% to a record $46.90.
