Bookseller Chegg's entry into the public markets yesterday was more of a "kerchunk" than "kaching." The company started trading at $12.50 and ended the day at $9.64 a share. Today, the slide continued, leaving Chegg at $8.88 by market close. VentureBeat offered an "unfazed" comment from one investor, who contended that it's early days for the textbook-rental company.
SOURCE: Yahoo Finance