BUZZ-Chegg falls after Citron criticizes business model [Reuters]
Chegg, Inc. (CHGG)
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Source: Reuters
BUZZ-Chegg falls after Citron criticizes business model | Reuters 1 Min Read ** Chegg down as much as 4 pct at $38.06 after short-seller Citron slams online textbook rental and tutorial co’s business model ** Sets $25 PT, says co has made business off selling answers to homework and selling a service that allows students to submit plagiarized work ** "What we learned the past two weeks is that academic cheating is not only immoral but it's also illegal," Citron said in a report bit.ly/2FlqLtt ** "If Chegg turns over the customer list, the stock could be a 0," Citron said in a tweet here ** CHGG did not immediately respond to a request for comment ** CHGG also raised $700 mln in convertible senior notes deal, above target of $500 mln ** CHEGG up ~37 pct YTD (Reporting by Vibhuti Sharma in Bengaluru) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. BUZZ-Chegg falls after Citron criticizes b
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News
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- Chegg, Inc. (NYSE: CHGG) had its price target lowered by analysts at Morgan Stanley from $8.50 to $7.00. They now have an "underweight" rating on the stock.MarketBeat
- Global Processing Standardizes on New Relic [Yahoo! Finance]Yahoo! Finance
CHGG
Earnings
- 2/5/24 - Beat
CHGG
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEF
- 4/19/24 - Form DEFA14A
- CHGG's page on the SEC website