Bearish Chegg declines 12 cents (1.29%)

Published: May 27 2023, 04:16 GMT+0

Bearish Chegg declines 12 cents (1.29%)

Yesterday at a glance: grinding lower but with no clear-cut direction, the US "edutech" pioneer closed the session at $9.2 after forming a distinct $9.16 – $9.41 range.

  • Yesterday's trading volume was 2.27 million shares which is under the 21-day average of 7.89 million.

As market participants brought yesterday's session to a close, Nasdaq went up by 2.19% and closed at 12,976. Chegg ended the day at $9.2, doing worse than the Consumer Defensive sector which saw a 0.538% increase this session.

5 months ago the US "edutech" pioneer reached a significant high of $29.84 but has consequently lost 68.77% since then. So far this year, it has been under-performing the Nasdaq by 83.89%. The company has a market cap of $1.10 billion with an average daily trading volume of 7.89 million shares. Chegg has a forecast of $185.18 million with an EPS of 25.52 cents.

On the other hand, positive performances could be seen by looking at other consumer staples stocks as Costco was up 4.26%. Anheuser-Busch traded at $57.15 after closing yesterday's trading day at $56.87 (up 0.49%). Walmart gained 0.18%, as it traded at $146.42.