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Why Chegg Shares Are Trading Higher By Around 20%; Here Are 20 Stocks Moving Premarket

Benzinga ·  Jun 18 17:28

Shares ofChegg, 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...
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