price down icon1.96%   -0.0307

Why is Angi Inc (ANGI) Stock down?

We've noticed a 7.52% decline in Angi Inc (ANGI) stock during the 2024-06-07 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
09 Aug, 2023:

Angi's (ANGI) shares plunged 33.07% with a 27% revenue dip to $375.1 million due to altered recognition. Services, roofing, and ads earnings also dropped. Slow housing market and high interest rates led to a 21% service requests decline and 22% fewer active professionals. Operating loss improved to $16.7 million, adjusted EBITDA increased to $18.3 million. Loss per share narrowed to $0.03, missing estimated $0.02.


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