|Bid||15.82 x 1300|
|Ask||16.22 x 3200|
|Day's range||15.81 - 16.07|
|52-week range||15.30 - 37.64|
|Beta (5Y monthly)||1.03|
|PE ratio (TTM)||N/A|
|Earnings date||01 May 2023 - 05 May 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||20.38|
Investors need to pay close attention to Chegg (CHGG) stock based on the movements in the options market lately.
SANTA CLARA, Calif., February 24, 2023--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that it has entered into an accelerated share repurchase agreement ("ASR") with J.P. Morgan Chase Bank, National Association to repurchase $150 million of Chegg’s common stock.
Shares of Chegg (NYSE: CHGG), an online education platform, fell hard this week after the company reported its fourth-quarter results. While Chegg beat Wall Street's top- and bottom-line estimates, the company's management issued 2023 guidance that was lower than expected. As a result, Chegg's stock tumbled 20% this week, according to data provided by S&P Global Market Intelligence.