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Why ANGI Homeservices Stock Rose Today

TheMotleyFool

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Shares of ANGI Homeservices (NASDAQ: ANGI) rose as much as 11% today after the company announced that it was appointing a new CEO. As of 3:20 p.m. EST, the stock had given up some of those gains but was still up 7%.

ANGI Homeservices has appointed Chief Product Officer Oisin Hanrahan to CEO, effective immediately. Current CEO Brandon Ridenour will step down after serving as CEO since late 2018. Hanrahan will also join the company's board of directors. The technology platform, which connects homeowners with local home improvement contractors and companies, is also creating two new executive roles to streamline its growth strategy.

Image source: Getty Images.

Source Fool.com

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