SANTA CLARA, Calif., April 17, 2024--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that on April 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.
The heavy selling pressure might have exhausted for Chegg (CHGG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Chegg (CHGG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.