Galloway Capital Partners acquires 5.44% stake in Chegg
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Galloway Capital Partners Announces 5.44% Ownership in Chegg, Inc. and Highlights Significant Value Opportunity
April 8, 2026 12:36 PM EDTMIAMI--(BUSINESS WIRE)-- Galloway Capital Partners, LLC (Galloway) today announced that it has acquired an ownership position of approximately 5.44% in Chegg, Inc. (NYSE: CHGG) (Chegg or the Company).
Galloway believes Cheggs current share price reflects a substantial disconnect from its intrinsic value. At current levels, the market appears to be pricing the Company as though it is in financial distress, a characterization Galloway believes is fundamentally incorrect.
Galloway expressed support for managements ongoing efforts to reposition the business and believes that a strategic separation of Cheggs business units represents a compelling... More
