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Chegg began trading shares publicly on the New York Stock Exchange in November 2013. [15] Its IPO was reported to have raised $187.5 million, with an initial market capitalization of about $1.1 billion. [16] In 2014, Chegg entered a partnership with book distributor Ingram Content Group to distribute all of Chegg's physical textbook rentals ...
Chegg stock was a pandemic darling stock of sorts as education moved online and the company thrived, sending the stock to an all-time high of $113 per share in early 2021.
Chegg Inc (NYSE: CHGG) shares are trading lower after the company reported worse-than-expected third-quarter sales results and issued fourth-quarter and FY21 sales guidance below estimates. Chegg ...
He also slashed his price target from $25 to $11, reflecting a nearly 40% downside from where Chegg shares closed prior to earnings. Chegg management failed to make clear when the company's AI ...
Chegg . Chegg shares fell about 20% after the education company's 2023 revenue guidance came in below Wall Street expectations. Chegg sees revenue of $745 million to $760 million versus estimates ...
Chegg expanded from textbook rental into a portfolio of student services under his leadership, [2] [8] transforming Chegg's digital assets to meet student needs. In June 2024, Rosensweig stepped down as CEO of Chegg, and was succeeded by Nathan Schultz. [11] Rosensweig is a proponent of mentoring, [12] and of workplace equality. [13]
The existence of super voting shares can also be an effective defense against hostile takeovers, since key insiders can maintain majority voting control of their company without actually owning more than half of the outstanding shares. [2] An example of a company that uses super-voting stock is Alphabet, the parent company of Google. It has ...
Shares of Chegg get slaughtered after a major warning on the health of the education market.