By Michele Maatouk
Date: Tuesday 02 May 2023
LONDON (ShareCast) - (Sharecast News) - Shares in education publisher Pearson slid on Tuesday after US firm Chegg, which provides online guidance for students preparing tests, warned over the impact of AI chatbots on its homework-help services.
Shares in Chegg were down 42% in pre-market trade after it said on Monday that since March, it had seen "a significant spike" in student interest in ChatGPT.
"We now believe it's having an impact on our new customer growth rate," the company said in its first-quarter earnings release.
Chegg reported a 7% year-over-year decline in total net revenues to $187.6m.
At 1050 BST, Pearson shares were down 7.7% at 819p.
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Currency | UK Pounds |
Share Price | 967.40p |
Change Today | -6.20p |
% Change | -0.64 % |
52 Week High | 1,042.00 |
52 Week Low | 754.00 |
Volume | 1,960,318 |
Shares Issued | 677.15m |
Market Cap | £6,551m |
Beta | 0.01 |
RiskGrade | 238 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
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Strong Buy | 4 |
Buy | 4 |
Neutral | 4 |
Sell | 0 |
Strong Sell | 1 |
Total | 13 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 21-Mar-24 | 10-Aug-23 |
Paid | 03-May-24 | 18-Sep-23 |
Amount | 15.70p | 7.00p |
Time | Volume / Share Price |
16:37 | 148,416 @ 971.09p |
16:37 | 148,416 @ 971.57p |
16:37 | 85,556 @ 971.09p |
16:37 | 85,556 @ 971.57p |
16:37 | 25,275 @ 971.09p |
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