Chegg (CHGG) in Focus: Stock Moves 6.4% Higher - Tale of the Tape


Chegg, Inc. ( CHGG ) was a big mover last session, as the company saw its shares rise over 6% 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 $5.22 to $5.72 since Apr 11, 2014.

The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Chegg currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked Internet software stocks that are worth considering include Constant Contact, Inc. ( CTCT ), FireEye, Inc. ( FEYE ) and Vringo, Inc. ( VRNG ). All these stocks have a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: CHGG , CTCT , FEYE , VRNG

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