Why Angi Stock Jumped 16% in September

Shares of Angi (NASDAQ: ANGI) were bouncing higher last month after the home-services marketplace posted a strong update for August in its monthly key metrics report. The company also seemed to benefit from a short squeeze the following week, though that was short-lived. According to data from S&P Global Market Intelligence, the stock finished the month up 16%.

As you can see from the chart below, the stock gained in two separate stages before pulling back at the end of the month.

Source Fool.com