The stock fell more than as much as 20% Tuesday morning following the earnings release, which included an announcement that Nathan Schultz will replace Dan Rosensweig as CEO.Chegg stock has lost nearly 70% over the last year and been roughly cut in half in 2024. From its peak in 2021, the stock is down over 95%.
Chegg stock was a pandemic darling stock of sort, as education moved online and the company thrived, sending the stock to an all-time high of $113 per share in early 2021. For its part, Chegg believes AI can be a benefit to its business moving forward as it integrates the technology into its product over the next several years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: 'Magnificent 7' power stock surge after CPI-fueled sell-offInvestors were bracing for a wholesale inflation print, after a surprise uptick in CPI shook markets and undermined bets on interest-rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Trading Game Plan: Tesla trade level, stock market near resistance, stock, crypto, gold and silverThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Stock market today: Tech leads stock slide, Nvidia falls almost 4%Investors have put rate-cut worries on the backburner to focus on earnings season instead.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news: U.S. stock rally stalls as bond yields rise before GDPWall Street traders sent both stocks and bonds down ahead of economic data that will help shape the views on the Federal Reserve’s next steps.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stock market news: U.S. stock rally wavers as bonds struggle before GDPStocks struggled to gain much traction, with Wall Street traders gearing up for economic data that will help shape the views on the Federal Reserve’s next steps.
Source: BNNBloomberg - 🏆 83. / 50 Read more »