Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With CHGG Stock Today?
Chegg Inc (CHGG) stock has risen 2.96% while the S&P 500 is down -0.16% as of 10:10 AM on Wednesday, Oct 13. CHGG is higher by $1.85 from the previous closing price of $62.57 on volume of 151,336 shares. Over the past year the S&P 500 is up 22.90% while CHGG is down -22.25%. CHGG lost -$0.38 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Chegg Inc click here.
More About Chegg Inc
Chegg Inc is an American educational services company that specializes in textbook rentals, course assistance, and online tutoring. The company focuses on high school and college level students who are able to rent textbooks for various courses and return them to the company after completion. Rentals are typically transacted at a low cost relative to the purchase of textbooks at full price. The company offers over 25,000 textbook titles for students to rent and historically has had over 1 million students use its services. Chegg also provides course and professor reviews, standardized test preparation, career preparation, and study materials on its website. Textbook rentals provide the majority of the company's revenue followed by online educational services.
Click Here to get the full Stock Report for Chegg Inc stock.
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