Chegg (CHGG) Slumps: Stock Tanks 22.3%

Zacks Equity Research

Tue, Feb 18, 2014, 5:57 AM

Chegg, Inc. (CHGG) saw a big move last session, as the company’s shares fell by over 22% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $7.21 to $7.94 in the past one-month time frame.

This education & training services company has seen a flat track record when it comes to current year estimate revisions over the past few weeks as there were no revisions on either side. The consensus for earnings hasn’t been in trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CHGG currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.

Some better-ranked stocks in the broader Education industry include TAL Education Group (XRS), Career Education Corp. (CECO) and New Oriental Education & Technology Group Inc. (EDU). All these stocks hold a Zacks Rank #2 (Buy).

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CHEGG INC (CHGG): Free Stock Analysis Report

TAL EDUCATION GROUP (XRS): Free Stock Analysis Report

CAREER EDUCATION CP (CECO): Free Stock Analysis Report

NEW ORIENTAL EDUCATION AND TECH (EDU): Free Stock Analysis Report

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Chegg (CHGG) Slumps: Stock Tanks 22.3%

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