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Why ANGI Homeservices Stock Rose 12% Last Month

TheMotleyFool

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Why ANGI Homeservices Stock Rose 12% Last Month

Shares of ANGI Homeservices (NASDAQ: ANGI) were gaining last month as the online marketplace for home services continued to benefit from a favorable climate for home improvement, with the pandemic leading to more time spent inside the home. That situation along with some positive analyst notes helped push the stock up 12% in June, according to data from S&P Global Market Intelligence.

The chart below shows the stock's path over the course of the month.