Shares of Chegg Inc. (NYSE:CHGG) climbed 14% on Wednesday after activist investor Galloway Capital disclosed a 5.44% ownership stake and pressed management for better shareholder outreach. The firm, which holds 6,093,000 shares, argued in an April 8, 2026 letter to CEO Dan Rosensweig that the stock price fails to capture the company's true worth. This move highlights investor frustration with Chegg's muted market recognition amid its efforts to reposition in education technology.