Chegg (CHGG) Shares are Up 0.86%

Chegg (CHGG) : Traders are bullish on Chegg (CHGG) as it has outperformed the S&P 500 by a wide margin of 3.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.33%, 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 0.86% in the last 1 week, and is up 1.3% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.2% and the 50-Day Moving Average is 10.95%.The 200 Day SMA reached 28.42% Chegg, Inc. is up 45.04% in the last 3-month period. Year-to-Date the stock performance stands at 4.31%.


Chegg (CHGG) : Currently there are 6 street experts covering Chegg (CHGG) stock. The most bullish and bearish price target for the stock is $12 and $7 respectively for the short term. The average price target of all the analysts comes to $9.17. The estimated standard deviation from the target is $2.14.

For the current week, the company shares have a recommendation consensus of Buy. Chegg (NYSE:CHGG): stock was range-bound between the intraday low of $6.99 and the intraday high of $7.15 after having opened at $7.02 on Fridays session. The stock finally closed in the red at $7.02, a loss of -0.43%. The stock remained in the red for the whole trading day. The total traded volume was 1,581,393 shares. The stock failed to cross $7.15 in Fridays trading. The stocks closing price on Thursday was $7.02.

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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