By Kuldip K. Ambastha<\/p>\n\n\n\n
On Tuesday, May 3, 2022, the stock price of Chegg, Inc. (CHGG<\/a>), a direct-to-student online learning platform, dropped by -30.3% per share. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of November 1-5, 2021; By Kuldip K. Ambastha.”<\/a>) In the latest quarter, the company reported positive information related to revenues, net income, and subscriber count. However, the company also gave discouraging guidance for the future, a future in which inflation (higher cost of living combined with higher wages) may result in more and more people wanting to prioritize work over education. Wall Street was clearly displeased with this future guidance from the leaders of Chegg.<\/p>\n\n\n\n Keywords – Chegg, Inc.<\/a>, Chegg<\/a>, CHGG<\/a>, online learning<\/a>, education<\/a>, students<\/a>, revenues<\/a>, net income<\/a>, subscriber count<\/a>, inflation<\/a>, costs<\/a>, wages<\/a>, future guidance<\/a>, work<\/a>, Wall Street<\/a>.<\/p>\n\n\n\n Disclosure – The principals and clients of Ambastha Financial LLC have no positions in CHGG<\/a>.<\/p>\n\n\n\n Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted \u00a9 2022 – Ambastha Financial LLC.<\/p>\n\n\n\n CONTACT US<\/strong><\/p>\n\n\n