Chegg (CHGG) Stock Trades Up, Here Is Why
Chegg's stock rose by 6.2% after its CEO purchased 100,000 shares, signaling confidence in the company's future. Additionally, Chegg repurchased $20 million of its convertible senior notes for a lower price, strengthening its financial position. This positive sentiment comes despite previous concerns about AI disruption and a significant year-to-date decline in the stock.
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