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SymbolStock Name
Latest PriceChg%ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D %Chg10D %Chg20D %Chg60D % Chg120D %Chg250D %Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry
US OptionsDetailed Quotes
CHGG240517C6000
- 0.05
- -0.05-50.00%
15min DelayTrading May 13 09:46 ET
0.05High0.05Low
0.05Open0.10Pre Close1 Volume1.70K Open Interest6.00Strike Price5.00Turnover188.68%IV31.24%PremiumMay 17, 2024Expiry Date0.00Intrinsic Value100Multiplier4DDays to Expiry0.05Time Value100Contract SizeAmericanOptions Type0.1172Delta0.2073Gamma92.20Leverage Ratio-0.0203Theta0.0001Rho10.81Eff Leverage0.0010Vega
Intraday
- 5D
- 1D
News
Express News | Shares of Chegg and Duolingo Are Trading Lower in Reaction to GPT-4 Updates Given at OpenAI's Spring Update Presentation
Express News | NYSE Order Imbalance 118431.0 Shares on Sell Side
20 Countries With the Highest Pupil-to-Teacher Ratio in the World
Express News | NYSE Order Imbalance 66647.0 Shares on Sell Side
Chegg's Stock Price Drops 27% As ChatGPT And Free AI Tools Send Stock Plummeting
Express News | NYSE Order Imbalance 98646.0 Shares on Sell Side
Comments
Consumer subscription stocks face pressure from inflation, despite mixed results. Notable changes include Match Group down 5.8%, Duolingo up 16.6%, Chegg down 20.1%, Netflix up 28.1%, and Coursera down 27.3%.
Unpacking Q4 Earnings: Match Group (NASDAQ:MTCH) In The Context Of Other Consumer Subscription Stocks 1
Palantir's Q4 commercial business performance was 'bombastic, baller, incomprehensibly good', according to CEO Alex Karp. Coherent sees 'improving demand trends', expecting 'ongoing sequential improvement in revenue growth'. Chegg's Q1 guidance disappointed investors. NXP Semiconductors' Q4 results surpassed expectations. Novartis' acquisition of MorphoSys is viewed positively.
3
Chegg's transition to an AI-driven platform and service price cuts aim to boost account growth. However, a disappointing Q1 sales forecast and subsequent share drop indicate potential challenges.
Chegg's shares are trading lower due to disappointing guidance for the March quarter. The company is in the process of integrating AI into its platform to counter the threat posed by generative AI chatbots.
Despite Chegg's revenue slightly exceeding expectations, the results were seen as mediocre due to falling revenue and EBITDA guidance, and a drop in subscribers. The company's future may hinge on improving pricing power and growing its subscriber base.
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