Coursera and Chegg Stocks Suffer Fall Amid Weaker Guidance and CEO Change

Monday, 29 April 2024, 21:06
Coursera Inc. and Chegg Inc. experienced a significant drop in their stock prices after projecting weaker performances for the current quarters. The market was particularly impacted by Chegg's announcement of a CEO change alongside their guidance. Investors are closely monitoring these developments for insights into the trajectory of the education-technology sector.
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Coursera and Chegg Stocks Suffer Fall Amid Weaker Guidance and CEO Change

Market Update: Coursera and Chegg Stock Prices

Shares of Coursera Inc. and Chegg Inc. witnessed a decline in the after-hours trading following the announcement of weaker guidance for the ongoing quarter. This downturn was further exacerbated by Chegg disclosing a CEO change, intensifying market concerns.

Key Points:

  • Coursera and Chegg stocks plunge after weaker guidance
  • Chegg announces a change in CEO

The market reaction reflects the significance of these updates, indicating potential challenges ahead for the education-tech companies.

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