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AI Concerns Drop Chegg Stock by 48%

The stock price of Chegg, the online learning platform for university students, fell 48% Tuesday, after its CEO reported that a spike in interest by students in ChatGPT resulted in lower than expected results in the first quarter. ....

Dan Rosensweig , Book Brunch , Artificial Intelligence ,

Short Interest in Scholastic Co. (NASDAQ:SCHL) Expands By 25.1%

Scholastic Co. (NASDAQ:SCHL – Get Rating) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 694,500 shares, an increase of 25.1% from the March 31st total of 555,100 shares. Based on an average daily trading volume, of 182,700 shares, the […] ....

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Scholastic Co. (NASDAQ:SCHL) Shares Sold by Versor Investments LP

Versor Investments LP trimmed its holdings in Scholastic Co. (NASDAQ:SCHL – Get Rating) by 43.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,100 shares of the company’s stock after selling 5,500 shares during the quarter. Versor Investments LP’s holdings in Scholastic were […] ....

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