Chegg Inc’s filing revealed that its CHIEF OPERATING OFFICER Schultz Nathan J. unloaded Company’s shares for reported $14054.0 on Dec 13 ’23. In the deal valued at $10.41 per share,1,350 shares were sold. As a result of this transaction, Schultz Nathan J. now holds 421,025 shares worth roughly $1.03 million.
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Goldman upgraded its Chegg Inc [CHGG] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid July from “an Underweight” to “an Equal-weight”. Jefferies also remained covering CHGG and has decreased its forecast on April 30, 2024 with a “an Underperform” recommendation from previously “Hold” rating. Craig Hallum revised its rating on April 30, 2024. It rated CHGG as “a Hold” which previously was an “a Buy”.
Price Performance Review of CHGG
On Tuesday, Chegg Inc [NYSE:CHGG] saw its stock jump 3.38% to $2.45. Over the last five days, the stock has gained 8.41%. Chegg Inc shares have fallen nearly -78.43% since the year began. Nevertheless, the stocks have fallen -76.05% over the past one year. While a 52-week high of $11.48 was reached on 01/02/24, a 52-week low of $1.34 was recorded on 11/13/24. SMA at 50 days reached $1.75, while 200 days put it at $3.90.
Levels Of Support And Resistance For CHGG Stock
The 24-hour chart illustrates a support level at 2.34, which if violated will result in even more drops to 2.22. On the upside, there is a resistance level at 2.52. A further resistance level may holdings at 2.58. The Relative Strength Index (RSI) on the 14-day chart is 69.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.77%. Stochastics %K at 90.30% indicates the stock is a selling.
How much short interest is there in Chegg Inc?
A steep rise in short interest was recorded in Chegg Inc stocks on 2024-11-15, dropping by -1.19 million shares to a total of 10.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 11.87 million shares. There was a decline of -11.13%, which implies that there is a negative sentiment for the stock.
