Chegg (CHGG) Shares Hit; Mentioned Cautiously at Copperfield Research

November 14, 2016 11:41 AM EST

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(Updated - November 14, 2016 11:44, 11:47 AM EST)

Chegg (NYSE: CHGG) declined Monday after it was mentioned cautiously in a report by short seller Copperfield Research. Copperfield said its so-called compelling investment story is "fiction" and he thinks its intrinsic value is less than $2, implying 75% downside from its current price.

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