Chegg (CHGG) : Traders are bullish on Chegg (CHGG) as it has outperformed the S&P 500 by a wide margin of 29.59% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.24%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.58% in the last 1 week, and is up 29.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 5.12% and the fifty day Moving Average is 21.04%. Chegg, Inc. is up 44.31% in the last three month period. Year-to-Date the stock performance stands at 3.57%.
Chegg (CHGG) : The most positive equity analysts on Chegg (CHGG) expects the shares to touch $12, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $9.17 with an expected fluctuation of $2.14 from the mean.
Chegg (NYSE:CHGG): On Fridays trading session , Opening price of the stock was $7 with an intraday high of $7.05. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.89. However, the stock managed to close at $6.97, a loss of 0.85% for the day. On the previous day, the stock had closed at $7.03. The total traded volume of the day was 342,257 shares.
Chegg, Inc. is a student-first connected learning platform. The Company offer textbooks and from digital offerings. Digital offerings primarily include Student Hub, the Companys connected learning platform, its Web-based, multiplatform eTextbook Reader, eTextbooks and supplemental materials from approximately 120 publishers, online tutoring, its Chegg Study service, College Admissions, Scholarship Services, and internship services. The Company sources print textbooks, eTextbooks and supplemental materials publishers in the United States, including Pearson, Cengage Learning, McGraw Hill, Wiley and MacMillan. In addition, the Company also offers enrollment marketing services to colleges. The Company also works with brands, such as Adobe, Dell, Microsoft, PayPal, Proctor & Gamble, Red Bull and Shutterfly, to provide students with discounts, promotions and other products that, based on student feedback.