Chegg Inc. (CHGG) Moves Higher on Volume Spike for January 09

Equities Staff  |

Chegg Inc. (CHGG) traded on unusually high volume on Jan. 09, as the stock gained 3.87% to close at $32.47. On the day, Chegg Inc. saw 2.03 million shares trade hands on 12,865 trades. Considering that the stock averages only a daily volume of 1.19 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $32.82 and $15.47 over the last 52-weeks, its 50-day SMA is now $27.32, and its 200-day SMA $27.12. Chegg Inc. has a P/B ratio of 9.61.

Chegg Inc is an American educational services company that specializes in textbook rentals, course assistance, and online tutoring. The company focuses on high school and college level students who are able to rent textbooks for various courses and return them to the company after completion. Rentals are typically transacted at a low cost relative to the purchase of textbooks at full price. The company offers over 25,000 textbook titles for students to rent and historically has had over 1 million students use its services. Chegg also provides course and professor reviews, standardized test preparation, career preparation, and study materials on its website. Textbook rentals provide the majority of the company's revenue followed by online educational services.

Headquartered in Santa Clara, CA, Chegg Inc. has 893 employees and is currently under the leadership of CEO Daniel L. Rosensweig.

For a complete fundamental analysis analysis of Chegg Inc., check out’s Stock Valuation Analysis report for CHGG.

Still paying commissions on stock trades? now offers 100% commission free stock trading and flat-fee options trading for $89.95/month! Get started today by

To get more information on Chegg Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: CHGG’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



Symbol Last Price Change % Change










Blockchain in Fintech - Discussion at the EU Parliament

From the recent Blockchain For Europe Summit in Brussels: Panel on Financial Market Infrastructure