In a filing, Angi Inc revealed its Chief Technology Officer Shanmugasundaram Kulesh unloaded Company’s shares for reported $30310.0 on Mar 06 ’24. In the deal valued at $2.58 per share,11,748 shares were sold. As a result of this transaction, Shanmugasundaram Kulesh now holds 160,060 shares worth roughly $0.43 million.
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Then, Shanmugasundaram Kulesh sold 12,000 shares, generating $28,920 in total proceeds. Upon selling the shares at $2.41, the Chief Technology Officer now owns 39,242 shares.
Before that, Shanmugasundaram Kulesh sold 12,000 shares. Angi Inc shares valued at $29,160 were divested by the Chief Technology Officer at a price of $2.43 per share. As a result of the transaction, Shanmugasundaram Kulesh now holds 51,242 shares, worth roughly $0.14 million.
UBS upgraded its Angi Inc [ANGI] rating to a Neutral from a a Sell in a research note published on February 15, 2023; the price target was increased to $2.75 from $2. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. UBS began covering ANGI with “Sell” recommendation on December 02, 2022.
Price Performance Review of ANGI
On Tuesday, Angi Inc [NASDAQ:ANGI] saw its stock jump 0.75% to $2.68. Over the last five days, the stock has gained 3.47%. Angi Inc shares have risen nearly 7.63% since the year began. Nevertheless, the stocks have risen 24.65% over the past one year. While a 52-week high of $4.18 was reached on 02/22/24, a 52-week low of $1.54 was recorded on 01/18/24. SMA at 50 days reached $2.58, while 200 days put it at $2.54. A total of 0.71 million shares were traded, compared to the trading of 0.8 million shares in the previous session.
Levels Of Support And Resistance For ANGI Stock
The 24-hour chart illustrates a support level at 2.64, which if violated will result in even more drops to 2.59. On the upside, there is a resistance level at 2.75. A further resistance level may holdings at 2.81. The Relative Strength Index (RSI) on the 14-day chart is 51.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.59%. Stochastics %K at 43.21% indicates the stock is a holding.
How much short interest is there in Angi Inc?
A steep rise in short interest was recorded in Angi Inc stocks on Feb 29, 2024, dropping by 90000.0 shares to a total of 8.66 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 8.75 million shares. There was a decline of -1.04%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.92% of the overall stock float, the days-to-cover ratio (short ratio) fell to 11.79.
The most recent change occurred on August 06, 2021 when Truist resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $14.
