- Director/ex-Netflix CFO Barry McCarthy bought 30K Chegg (CHGG +5.1%) shares on Tuesday at $6.38. (Form 4)
- The purchase comes a month after Chegg sold off in response to the light margin/EBITDA guidance it provided with its Q4 results, as the company tries to offset weakness in its traditional/high-margin textbook rental business by growing its digital revenue streams.
- SA contributor Diamond Capital is a believer in Chegg's ability to pull off the transition, arguing this morning shares could eventually double.
From other sites
at Benzinga.com (Feb 27, 2015)
at CNBC.com (Feb 27, 2015)
at Zacks.com (Feb 26, 2015)
at Benzinga.com (Feb 23, 2015)
at CNBC.com (Nov 5, 2014)
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