Bearish mood pushes Chegg to session low of $9.16

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.

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 traded at $507.26 after closing yesterday's trading day at $486.55 (up 4.26%). Anheuser-Busch was up 0.49%. Walmart was up 0.18%.

The US education technology company reached a significant high of $29.84 around 5 months ago but has lost 68.77% since then.