Why Chegg Stock Was Up 10% in June
Shares of education-technology platform Chegg (NYSE: CHGG) marched 10.1% higher in June, according to data provided by S&P Global Market Intelligence. That's a great one-month return, but pales in comparison to the 80% return shareholders have enjoyed so far in 2020.
Chegg had a couple of newsworthy events in June helping move the needle, including its acquisition of Mathway and its $500 million buyback plan.
Source Fool.com