Purchase Details

Company: Chegg
Ticker:CHGG
Yahoo Beta:0.60
Industry:Education & training services

Company Description:  Chegg sells a subscription that allows to students to obtain quick answers to problems, sells used textbooks, and provides tutoring services.

Purchase Date:06 Nov 2019
Purchase Price:$34.60
  --Split Adjusted:$34.60
Shares Purchased:100
  --Split Adjusted:100
Transaction Fee:$0.00
Price Range (6 Months Prior):    
High$45.77
Date30 Jul 2019
Low$28.46
Date02 Oct 2019
S&P (Purchase Date):$3,075.84

Timing:  We purchased a bit below the six month midpoint.
Reason:  Chegg operates as a market leader in a large and growing market. Its competitive advantage is its wealth of content. If a student googles a problem, Chegg is likely to come up first on the search. The company is growing organically through increasing market share and developing new complementary products and services and through acquisition of companies with adjacent products.

Total Spent:   $3,460.00