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Chegg (CHGG) Soars: Stock Adds 5.1% in Session
Chegg, Inc. (CHGG - Free Report) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $15.93–$19.57 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen three positive estimate revisions in the past two months. Its Zacks Consensus Estimate for the current quarter has also revised upward over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Chegg currently has a Zacks Rank #4 (Sell) while its Earnings ESPis positive.
Chegg, Inc. Price and Consensus
Chegg, Inc. Price and Consensus | Chegg, Inc. Quote
A better ranked stock worth considering in the Internet - Software industry is Paycom Software, Inc. (PAYC - Free Report) which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CHGG going up? Or down? Predict to see what others think: Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>