Chegg (NYSE: CHGG) shares are trading lower on Monday.
BMO Capital downgraded the stock from Outperform to Market Perform.
Chegg is an American educational services company that specializes in textbook rentals, course assistance, and online tutoring. The company focuses on high school and college level students who are able to rent textbooks for various courses and return them to the company after completion.
Chegg shares were trading down 3.55% at $64.30 at time of publication on Monday. The stock has a 52-week high of $67.98 and a 52-week low of $25.89.