Chegg In Focus: Stock Up 14.6% - Tale Of The Tape

by Zacks, Benzinga Contributor
June 17, 2014 2:15 PM | 2 min read |
Chegg, Inc. CHGG was a big mover last session, as the company saw its shares rise over 14% on the day. The move came on solid 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 above the volatile price range of $5.27 to $6.85 in the past one-month time frame.

In the past 30 days, the company has seen no estimate revision but its Zacks Consensus Estimate moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Chegg currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.

Some better-ranked Internet software stocks include Cvent, Inc. CVT, Rally Software Development Corp. RALY and Support.com, Inc. SPRT. All these stocks sport a Zacks Rank #1 (Strong Buy).

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CHEGG INC CHGG: Free Stock Analysis Report
 
CVENT INC CVT: Free Stock Analysis Report
 
RALLY SOFTWARE RALY: Free Stock Analysis Report
 
SUPPORT.COM INC SPRT: Free Stock Analysis Report
 
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