Chegg (CHGG) Shares are Down -2.01%

Chegg (CHGG) has risen sharply, recording gains of 3.48% in the past 4 weeks. However, the stock has corrected -2.01% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.62% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.3% and the 50-Day Moving Average is 14.79%.The 200 Day SMA reached 24.77%. Chegg, Inc. is up 37.7% in the last 3-month period. Year-to-Date the stock performance stands at 1.49%.


Chegg (NYSE:CHGG): After opening at $6.79, the stock dipped to an intraday low of $6.75 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.84 and the buying power remained strong till the end. The stock closed at $6.83 for the day, a gain of 1.19% for the day session. The total traded volume was 179,319. The stocks close on the previous trading day was $6.75.

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.

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