Angi Inc. saw its stock price surge 6.33% today, making it one of the top gainers in the stock market. The stock, trading under the ticker symbol ANGI, closed the day at $3.50 per share.
The surge in Angi Inc.’s stock price may have been driven by the company’s recent announcements regarding its technological innovations. Last week, Angi Inc. revealed that it had released a new software product designed to help small businesses manage their customer relationships. The company also announced it was expanding its customer service offerings in the near future.
Analysts suggest that investors may have taken these developments as a sign of strong future growth for the company. Moreover, the stock’s low price may have also attracted new investors to the market.
Despite the 6.33% surge in the stock price, Angi Inc.’s stock is still trading at a lower price than its all-time high of $8.50 per share, which it reached in 2019. Nevertheless, its recent performance may be a sign that the company is on a path to recovery.