Angi (NASDAQ: ANGI), the parent of HomeAdvisor and the rebranded Angie's List, was an early winner in the pandemic as the stock rocketed from single digits in early 2020 to past $19 briefly this February.
Now, in a robust housing market and with demand for home services still stretching capacity across much of the country, Angi stock has pulled back, down nearly 50% from its 52-week-high.
The company's second-quarter earnings report did little to stop that slide. Though the stock actually rose 5% on Aug. 5 when the report came out, it gave up all of those gains in the following session and has continued to fall since then.
Source Fool.com