Chegg Stock Jumps After Activist Investor Galloway Capital Reveals 5.44% Stake
Chegg jumps after Galloway Capital buys 5.4% stake, saying stock is undervalued and has strong growth potential.
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Chegg jumps after Galloway Capital buys 5.4% stake, saying stock is undervalued and has strong growth potential.
Chegg is cutting 388 jobs, bringing back former CEO Dan Rosensweig, and shifting focus to AI-driven skilling as online traffic and revenue decline.