Shares of Chegg Inc. (NYSE:CHGG) climbed 14% on Wednesday after Galloway Capital revealed a 5.44% ownership stake and pressed management to enhance shareholder communication. The activist firm argued in an April 8, 2026, letter that Chegg trades at a steep discount to its intrinsic value, despite a solid balance sheet projecting net cash and zero debt by year-end. This move spotlights persistent valuation gaps in the online education sector, where market fears of distress overshadow operational strengths.