Angie's List, Inc. (ANGI) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ANGI as the stock is now down almost 16% since Feb 4.
This slump shouldn’t be too much of a surprise to investors, as this internet software and service provider has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
ANGI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the internet software and service sector include WebMD Health Corp. (WBMD), YY Inc. (YY) and Zillow, Inc. (Z). All these stocks hold a Zacks Rank #1 (Strong Buy).
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ANGIE'S LIST INC (ANGI): Free Stock Analysis Report
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