Why Houghton Mifflin Harcourt Stock Soared Today

Why Houghton Mifflin Harcourt Stock Soared Today

Shares of education company Houghton Mifflin Harcourt (NASDAQ: HMHC) soared on Thursday after it announced a restructuring of its business. Despite the upfront costs, investors like the sound of the changes HMH will be making to its business structure. Houghton Mifflin Harcourt's second-quarter results clearly demonstrated that its future is in digital products.