Chegg Inc (CHGG) Drops 6.91% on January 04

Equities Staff |

Chegg Inc (CHGG) was one of the Russell 2000's biggest losers for Monday January 04 as the stock slid 6.91% to $6.27, a loss of $-0.465 per share. Starting at an opening price of $6.67 a share, the stock traded between $6.21 and $6.67 over the course of the trading day. Volume was 639,454 shares over 3,398 trades, against an average daily volume of 447,465 shares and a total float of 88.09 million.

The losses send Chegg Inc down to a market cap of $551.85 million. In the last year, Chegg Inc has traded between $8.85 and $6.35, and its 50-day SMA is currently $7.14 and 200-day SMA is $7.69.

Chegg Inc is a student-first connected learning platform empowering students to take control of their education to save time and money. Its integrated platform Student Hub helps students choose a college through graduation and beyond.

Chegg Inc is based out of Santa Clara, CA and has some 709 employees. Its CEO is Daniel L. Rosensweig.

For a complete fundamental analysis analysis of Chegg Inc, check out Equities.com’s Stock Valuation Analysis report for CHGG. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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