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 $0.12 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 jump 2.24% to $1.37. Over the last five days, the stock has gained 13.22%. Chegg Inc shares have fallen nearly -52.43% since the year began. Nevertheless, the stocks have fallen -14.91% 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 1.3367, which if violated will result in even more drops to 1.3033. On the upside, there is a resistance level at 1.4117. A further resistance level may holdings at 1.4533.
How much short interest is there in Chegg Inc?
A steep rise in short interest was recorded in Chegg Inc stocks on 2025-06-13, dropping by -3.06 million shares to a total of 7.77 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 10.84 million shares. There was a decline of -39.39%, which implies that there is a negative sentiment for the stock.
