Nvidia passes Microsoft to become the largest company by market value, analysts raise their price targets on shares of Micron Technology, and Tesla falls following the bankruptcy filing of electric-vehicle start-up Fisker.
Shares of online study and academic help platform Chegg (NYSE:CHGG) jumped 28.8% in the pre-market session after the company announced a new restructuring plan, which also involves refocusing on its core audience (mostly Students) in a Shareholder Letter shared with the public. This effort will involve the provision of more individualized support to learners via a single platform enabled with AI (artificial intelligence) capabilities.
Chegg (CHGG) announces its plans to restructure and execute new strategies to increase its growth prospects and operational excellence.