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Chegg Stock Rises on Buyback Plan and Busuu Acquisition

·1 min read
Chegg Stock Rises on Buyback Plan and Busuu Acquisition
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  • CHGG

Chegg stock was rising after the online education company announced an accelerated stock repurchase plan along with the acquisition of language learning platform Busuu. Shares of Chegg (ticker: CHGG) rose roughly 5% to $26.06. Chegg blamed the lucrative job market and school reopenings for the shift away from online education.