News
CHGG
5.21
-3.16%
-0.17
Chegg, Coursera Shares Drop on Challenging Online Learning Outlook
Chegg, down some 27%, is headed for its lowest close in seven years. Chegg on Monday guided for another drop in revenue in the second quarter. Coursera, which also reported first-quarter results on Monday, cut its revenue outlook for the year.
The Wall Street Journal · 2d ago
Why Chegg Shares Are Plummeting Today
Chegg posted first-quarter FY24 adjusted earnings of 26 cents per share. The company also issued second-quarter net revenue guidance below estimates. Several analysts have cut the price target for the company's shares. Chegg also announced appointment of Nathan Schultz as Chief Executive Officer.
Benzinga · 2d ago
Gold Down Over 2%; 3M Profit Beats Expectations
U.S. Stocks traded lower toward the end of trading on Tuesday, with the Dow Jones falling around 1%. 3M Company reported better-than-expected first-quarter 2024 results. Health care shares rose by 0.1% on Tuesday; energy shares fell by 2.1%. Asian markets closed mixed while European markets were lower.
Benzinga · 2d ago
These Stocks Are Moving the Most Today: MicroStrategy, Eli Lilly, 3M, PayPal, GE Healthcare, F5, Tesla, Chegg, Super Micro, and More
The employment cost index rose on a quarterly basis for the first time since the first quarter of 2023. MicroStrategy, a software company with vast holdings of Bitcoin, reported a first-quarter loss. The Federal Reserve will decide on interest rates Wednesday. PayPal Holdings and 3M reported strong quarterly results.
Barron‘s · 2d ago
Why H&E Equipment Services Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
H&E Equipment Services shares dipped 18.2% to $48.45 on Tuesday. The company posted mixed first-quarter results. Akili, Inc. Shares jumped 67.2%. AGBA Group Holding Limited and Cyclacel Pharmaceuticals were among the stocks moving in today's session.
Benzinga · 2d ago
Chegg (NYSE:CHGG) Craters as AI Tools Steal Business
TipRanks · 2d ago
Chegg Cut to Hold From Buy by Craig-Hallum
Dow Jones · 2d ago
Nasdaq Dips Over 100 Points; Coca-Cola Earnings Top Views
U.S. Stocks traded lower midway through trading on Tuesday. The Dow traded down 0.81% while the Nasdaq Composite fell more than 100 points. Coca-Cola Company reported better-than-expected first-quarter results. Health care shares rose by 0.1% on Tuesday as energy shares fell by 1.6%. Asian markets closed mixed on Tuesday; European shares were lower.
Benzinga · 2d ago
12 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session
Gainers Worksport (NASDAQ:WKSP) stock moved upwards by 30.5% to $0.77 during Tuesday's regular session. Golden Heaven Group Hldgs (NASdaq:GDHG) shares rose by 18.72% in Tuesday's trading. Meta Data (NYSE:AIU) shares increased by 14.9% in the regular session to $45.1 million. Chegg and Coursera were among the losers.
Benzinga · 2d ago
Craig-Hallum Downgrades Chegg to Hold, Lowers Price Target to $7
Benzinga · 2d ago
Tuesday Sector Laggards: Education & Training Services, Precious Metals
NASDAQ · 2d ago
Chegg shares fall to record low on downbeat guidance, downgrades
Chegg shares fall to record low on downbeat guidance, downgrades. Shares are down 25% at midday at an all-time low. The company’s Q2 guidance and delayed efforts to profit off the popularity of artificial intelligence trigger negative reactions from Wall Street.
Seeking Alpha · 2d ago
Billionaire Paul Singer Is Betting Big on Sensata (ST) Stock
Sensata Technologies (ST stock is up 10% on Tuesday morning. Phillip Eyler has been appointed to the Board of Directors of Sensata Technologies. This comes as the company's president and CEO Jeff Cote retires. Singer's private equity firm is collaborating with Sensata to share information with the company.
Investorplace · 2d ago
Chegg Down Over 26%, On Track for Lowest Close Since July 2016 -- Data Talk
Chegg, Inc. (CHGG) is currently at $5.26, down $1.91 or 26.57%. Would be lowest close since July 7, 2016, when it closed at $4.99. Down 95.36% from its all-time closing high of $113.51.
Dow Jones · 2d ago
Chegg and Oatly among Consumer Staples movers
Seeking Alpha · 2d ago
Why Is Chegg (CHGG) Stock Plunging 20% Today?
Chegg (NYSE:CHGG) stock is falling on Tuesday following the release of the online education company’s earnings report for the first quarter of 2024. Chegg reported adjusted earnings per share of 26 cents and revenue of $174.35 million. The company's stock is down 19.7% as of Tuesday morning. Check out what's going on with Global Mofy Metaverse, Tesla (TSLA) and MicroStrategy (MSTR) stock today.
Investorplace · 2d ago
Maintaining Hold on Chegg: Balancing Near-Term Challenges with Long-Term AI Integration Potential
TipRanks · 2d ago
Chegg Analysts Slash Their Forecasts After Q1 Results
Chegg reported upbeat first-quarter results but issued weak revenue forecast for the second quarter. The company posted adjusted earnings of 26 cents per share, beating market estimates of 25 cents. Chegg also announced the appointment of Nathan Schultz as Chief Executive Officer, effective June 1.
Benzinga · 2d ago
Domino's Pizza To Rally Over 10%? Here Are 10 Top Analyst Forecasts For Tuesday
Jefferies cut the price target for Chegg, Inc. (NYSE:CHGG) from $7 to $4. Keybanc slashed the price targets for ON Semiconductor Corporation and Southwest Airlines on Monday. The Goldman Sachs Group raised their price targets on several of their top names.
Benzinga · 2d ago
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About CHGG
Chegg, Inc. provides a student-first connected learning platform. The Company is combining generative artificial intelligence (AI) and human capabilities to provide a personalized learning assistant to be included in its Chegg Study offering. Its service and product offerings fall into two categories: Subscription Services, which encompasses its Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through its websites and on mobile devices, and Skills and Other, which encompasses its Chegg Skills, advertising services, print textbooks and eTextbooks offerings. Chegg Study subscribers have access to personalized, step-by-step learning support powered by AI, computational engines and subject matter experts. Chegg Study Pack is a premium subscription bundle that includes all of the benefits of Chegg Study, as well as Chegg Writing and Chegg Math. Chegg Skills offers programs on technical skills, including AI and data analytics.