Chegg shares rise 19.38% premarket after new CEO Nathan Schultz announces strategic pivot to B2B SaaS.

Chegg Inc. surged 19.38% in premarket trading following the announcement of a strategic pivot to B2B-SaaS solutions and skills training under new CEO Nathan Schultz. The restructuring, aimed at reducing reliance on consumer markets and addressing KI-driven competition, signals a shift toward higher-margin business models. Analysts highlighted the potential for long-term growth in the B2B segment, despite short-term volatility and mixed sentiment around the stock. The move aligns with market demands for differentiated educational technology solutions, positioning Chegg to capitalize on digitalization trends in the EdTech sector.