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Why ANGI Homeservices Stock Surged Higher on Wednesday

TheMotleyFool

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Why ANGI Homeservices Stock Surged Higher on Wednesday

Shares of technology platform ANGI Homeservices (NASDAQ: ANGI) climbed higher on Wednesday, a day after the company released a survey suggesting homeowners are looking to knock projects off their to-do lists. For the day, shares rose 8%.

The survey results counter the conventional wisdom of investors betting against ANGI Homeservices. (Spoiler alert: There are a lot of them.) Since March, this stock has just kept climbing.