VRPX - Why Chegg Shares Are Trading Higher By Around 20%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Chegg, Inc. (NYSE:CHGG) rose sharply in today's pre-market trading after the company announced a restructuring plan and new vision for growth.
The restructuring plan will include a 23% headcount reduction, a refocus on students with a comprehensive course load and dedication of more resources to its international program.
Chegg shares jumped 20.7% to $3.15 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
Gainers
- Actelis Networks, Inc. (NASDAQ:ASNS) rose 112.2% to $2.44 in pre-market trading after the company announced a partnership with Carahsoft Technology Corp.
- NLS Pharmaceutics AG (NASDAQ:NLSP) shares rose 62.8% to $0.2415 in pre-market trading after jumping 30% on Monday.
- Mustang Bio, Inc. (NASDAQ:MBIO) gained 46.7% to $1.10 in pre-market trading. Mustang Bio shares jumped 477% on Monday after the company announced safety and efficacy data from the complete Waldenstrom Macroglobulinemia cohort of its Phase 1/2 clinical trial of MB-106, showing an overall response rate of 90% with one patient remaining ...