Chegg Stock Drops Below 200-Day Average

Shares of the education technology company fall amid analyst downgrades

Mar. 21, 2026 at 7:36am

Got story updates? Submit your updates here. ›

Shares of Chegg, Inc. (NYSE:CHGG) have fallen below their 200-day moving average, trading as low as $0.45 per share. The company, which provides digital learning tools and services for students, has seen its stock price decline amid a series of analyst downgrades.

Why it matters

Chegg's stock performance is closely watched as an indicator of the company's financial health and the broader trends in the education technology sector. The drop below the 200-day moving average, a key technical indicator, suggests investors are growing more pessimistic about the company's outlook.

The details

Several research firms have downgraded Chegg's stock, with Weiss Ratings reaffirming a "sell (e+)" rating and Zacks Research lowering its rating from "strong-buy" to "hold." The company's latest quarterly earnings report showed a net loss, though it beat analysts' expectations.

  • Chegg's stock price fell below its 200-day moving average of $1.01 on Friday, March 21, 2026.
  • The company released its latest quarterly earnings report on Monday, February 9, 2026.

The players

Chegg, Inc.

An education technology company that provides digital learning tools and services for students, including Chegg Study, Chegg Writing, and Chegg Math Solver.

Weiss Ratings

A research firm that reaffirmed a "sell (e+)" rating on Chegg's stock.

Zacks Research

A research firm that lowered its rating on Chegg's stock from "strong-buy" to "hold."

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

Chegg's stock performance is a closely watched indicator of the education technology sector, and the company's recent decline below the 200-day moving average suggests investors are growing more pessimistic about its outlook, despite the company's efforts to diversify its digital learning offerings.