Why Chegg Stock Popped 16.4% in July
Shares of Chegg (NYSE: CHGG) climbed 16.4% in July, according to data from S&P Global Market Intelligence, after the connected learning platform specialist announced strong second-quarter 2019 results.
That said, Chegg stock also drifted higher in the weeks leading up to its quarterly update as investors anticipated the news. But when the report hit the wires after the markets closed on July 29, shares rallied almost 9% the next day alone.
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