Why Angi Stock Jumped 12% in Early Trading Today
Shares of Angi (NASDAQ: ANGI) rose a quick 12% as trading got underway today. About two hours into the day, the stock was still holding on to most of the advance, sitting with a 9% price gain. The news driving this move came out this morning and, if things work out, it could be big.
Before trading began today, Angi announced that it had created a partnership with giant retailer Walmart (NYSE: WMT). The plan is to have Angi's pros "available" in nearly 4,000 of the retailer's stores across all 50 U.S. states, giving it a very real physical presence. The services on offer will include 150 common home projects, including things like painting, plumbing, and electrical work. However, it will also involve less intensive tasks as well, like mounting a television to a wall ($79) or assembling furniture ($49).
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Source Fool.com
