Pearson (PSON)

Sector:

Media

Index:

FTSE 100

967.40p
   
  • Change Today:
    -6.20p
  • 52 Week High: 1,042.00
  • 52 Week Low: 754.00
  • Currency: UK Pounds
  • Shares Issued: 677.15m
  • Volume: 1,960,318
  • Market Cap: £6,551m
  • RiskGrade: 238
  • Beta: 0.01

Pearson slides after Chegg warns over ChatGPT

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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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Pearson Market Data

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

Pearson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.76% below the market average87.76% below the market average87.76% below the market average87.76% below the market average87.76% below the market average
82.22% below the sector average82.22% below the sector average82.22% below the sector average82.22% below the sector average82.22% below the sector average
Price Trend
49.91% above the market average49.91% above the market average49.91% above the market average49.91% above the market average49.91% above the market average
44.68% above the sector average44.68% above the sector average44.68% above the sector average44.68% above the sector average44.68% above the sector average
Income
42.71% below the market average42.71% below the market average42.71% below the market average42.71% below the market average42.71% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Growth
0.57% below the market average0.57% below the market average0.57% below the market average0.57% below the market average0.57% below the market average
2.33% above the sector average2.33% above the sector average2.33% above the sector average2.33% above the sector average2.33% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 4
Sell 0
Strong Sell 1
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pearson Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 10-Aug-23
Paid 03-May-24 18-Sep-23
Amount 15.70p 7.00p

Trades for 01-May-2024

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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