Bearish mood pushes Chegg to session low of $9.16

A quick look at yesterday: despite the risk-off mood, Chegg, Inc. was range-bound between $9.16 to $9.41 and settled at $9.2.

Highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

While price action maintains a negative bias, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

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 traded at $146.42 after closing yesterday's trading day at $146.16 (up 0.18%).

The US "edutech" pioneer has fallen back around 68.77% from the significant high of $29.84 set 5 months ago.