Tuesday was an active day in premarket trading with some stocks going up and some down. Shares of Chegg Inc. (CHGG) tumbled over 43% premarket on news of weaker customer growth due to ChatGPT student usage. Leggett & Platt Inc. (LEG) advanced 2% premarket despite feeling the “impact” from economic uncertainty, while Restaurant Brands International Inc. (QSR) was trading nearly 1% higher due to a parent company of Burger King and Popeyes Chain reporting good results. Uber (UBER) surged 8% premarket after issuing an uplifted second quarter outlook that topped expectations. On the other hand, Arista Networks Inc. (ANET) slipped 8% after closing their day with a flat line, while MGM Resorts International (MGM) fell nearly 1% premarket. Lastly, BP (BP) saw their American depositary receipts trading 5% down.
Chegg Inc. is a global education technology company that specializes in online textbook rentals, homework help, online tutoring, scholarship and internship matching as well as other education services. The company is now focusing on developing its business model to help students better manage their academic lives.
The person mentioned in this article is Woodward Inc. (WWD). It is a control system and component maker for both aircraft and industrial engines. The company recently surged over 16% premarket due to “robust demand” for their products and services across aerospace and industrial markets. Woodward also raised their revenue and EPS guidance for fiscal 2023.
