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Why Chegg Stock Was Up 20% in July

TheMotleyFool

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Shares of Chegg (NYSE: CHGG) were up 20.4% in July, according to data provided by S&P Global Market Intelligence. The company didn't report any developments during the month. But with the coronavirus impacting the reopening of schools and colleges, companies like Chegg that specialize in e-learning were hot investments.

Chegg stock even hit all-time highs in July. It's since gone on to new highs in August, after the company reported results for the second quarter of 2020 and raised guidance.