Chegg Inc’s recent filing unveils that its Director BUDIG RENEE VARNI unloaded Company’s shares for reported $39554.0 on Jun 06 ’25. In the deal valued at $1.41 per share,27,973 shares were sold. As a result of this transaction, BUDIG RENEE VARNI now holds 85,742 shares worth roughly $0.13 million.
Then, RENEE BUDIG bought 27,973 shares, generating $39,559 in total proceeds.
JP Morgan downgraded its Chegg Inc [CHGG] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid January from “an Equal-weight” to “an Underweight”. Goldman also remained covering CHGG and has increased its forecast on August 06, 2024 with a “Neutral” recommendation from previously “Sell” rating. Morgan Stanley revised its rating on July 16, 2024. It rated CHGG as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of CHGG
On Tuesday, Chegg Inc [NYSE:CHGG] saw its stock fall -1.35% to $1.46. Over the last five days, the stock has lost -6.41%. Chegg Inc shares have fallen nearly -9.32% since the year began. Nevertheless, the stocks have fallen -51.97% over the past one year. While a 52-week high of $3.81 was reached on 06/09/25, a 52-week low of $0.44 was recorded on 04/11/25.
Levels Of Support And Resistance For CHGG Stock
The 24-hour chart illustrates a support level at 1.4050, which if violated will result in even more drops to 1.3500. On the upside, there is a resistance level at 1.5350. A further resistance level may holdings at 1.6100.
