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The Potential Rise in the Price of Angi Inc (ANGI) following insiders activity

Angi Inc’s recent filing unveils that its CEO Kip Jeffrey W acquired Company’s shares for reported $0.43 million on Nov 15 ’24. In the deal valued at $1.72 per share,250,000 shares were bought. As a result of this transaction, Kip Jeffrey W now holds 917,331 shares worth roughly $1.75 million.

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Then, Shanmugasundaram Kulesh sold 11,748 shares, generating $27,255 in total proceeds. Upon selling the shares at $2.32, the Chief Technology Officer now owns 125,262 shares.

Before that, Shanmugasundaram Kulesh sold 11,748 shares. Angi Inc shares valued at $22,321 were divested by the Chief Technology Officer at a price of $1.90 per share. As a result of the transaction, Shanmugasundaram Kulesh now holds 137,010 shares, worth roughly $0.26 million.

Goldman downgraded its Angi Inc [ANGI] rating to a Neutral from a a Buy in a research note published on November 13, 2024; the price target was decreased to $2.50 from $3.25. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Neutral”. JMP Securities began covering ANGI with “Mkt outperform” recommendation on July 09, 2024. UBS revised its rating on February 15, 2023. It rated ANGI as “a Neutral” which previously was an “a Sell”.

Price Performance Review of ANGI

On Monday, Angi Inc [NASDAQ:ANGI] saw its stock jump 11.05% to $1.91. Over the last five days, the stock has lost -27.10%. Angi Inc shares have fallen nearly -23.29% since the year began. Nevertheless, the stocks have fallen -3.54% over the past one year. While a 52-week high of $3.10 was reached on 02/22/24, a 52-week low of $1.65 was recorded on 11/15/24. SMA at 50 days reached $2.4733, while 200 days put it at $2.3772.

Levels Of Support And Resistance For ANGI Stock

The 24-hour chart illustrates a support level at 1.8200, which if violated will result in even more drops to 1.7300. On the upside, there is a resistance level at 1.9600. A further resistance level may holdings at 2.0100. The Relative Strength Index (RSI) on the 14-day chart is 35.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.4585, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.47%. Stochastics %K at 10.72% indicates the stock is a buying.

How much short interest is there in Angi Inc?

A steep rise in short interest was recorded in Angi Inc stocks on 2024-10-31, growing by 5413.0 shares to a total of 7.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.97 million shares. There was a rise of 0.07%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 13, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $2.60 price target.

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