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Why Is It Moving? Analyzing The Downward Movement in Chegg's Stock Today

February 17, 2021 9:49 am
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The Price And Volume Action In Chegg's Stock Today

Chegg (NYSE:CHGG) is currently down 6.0% to a price of $106.97. The stock's current volume for the day is 88.50 thousand, which is approximately 4.72% of its previous 30-day average volume of 1.87 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Chegg shares are trading lower after the company announced a proposed public offering of common stock.

Insights On Recent Price Action

The moving average price of the stock over the past 50 days was $93.44 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $115.21 and as low as $25.89.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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