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Why Chegg Stock Rocketed Higher Tuesday

TheMotleyFool

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Shares of Chegg (NYSE: CHGG) closed Tuesday's trading up 16% after the company reported fourth-quarter earnings results late Monday.

The stock is down 62% over the last six months, and fell sharply in November after management warned that the fourth quarter would be below expectations due to a temporary slowdown in the education industry. Results turned out much better than expected, and that is a recipe for a surging share price.

Image source: Getty Images.

Source Fool.com

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