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 -10.86% to $1.56. Over the last five days, the stock has gained 28.93%. Chegg Inc shares have fallen nearly -3.11% since the year began. Nevertheless, the stocks have fallen -58.40% over the past one year.
How much short interest is there in Chegg Inc?
A steep rise in short interest was recorded in Chegg Inc stocks on 2025-05-15, growing by 0.55 million shares to a total of 10.84 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-15 was 10.29 million shares. There was a rise of 5.04%, which implies that there is a positive sentiment for the stock.
