Top 5 Losers on Tuesday

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In this article, we take a look at five stocks that are losing today. If you want to take a look at some more stocks that are declining on Tuesday and the latest market situation, go to the Top 10 Losers on Tuesday.

5. Chegg, Inc. (NYSE:CHGG) has crashed 30.22% as of 11:42 AM ET after CEO Dan Rosensweig warned that the demand for the educational services provider is likely to take a hit. He stated that rising inflation coupled with stagnant wages will result in consumers giving precedence to “earning over learning.” Chegg, Inc. (NYSE:CHGG) lowered its operating profit guidance to $235 million, down from $270 million earlier. Chegg, Inc. (NYSE:CHGG) stock price was hovering near its lowest level in 4 years following the guidance cut.

Out of the 924 hedge funds in Insider Monkey’s database, 41 funds held a position in Chegg, Inc. (NYSE:CHGG) at the end of Q4 2021.

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