Why ANGI Stock Rose 11% at the Open Today

Shares of ANGI (NASDAQ: ANGI), which connects consumers with home services professionals, rallied roughly 11% in early trading on April 13. There were two bits of news that might be impacting the stock today, both of which were released late on April 12. 

First, ANGI's Handy division, which provides on-demand home services, announced that it was working with Savvy, a provider of resident services. According to ANGI, "Via Handy.com, renters approved by Savvy will be able to directly book a Handy Pro for in-home furniture assembly, TV mounting, cleaning, picture and shelf hanging, smart camera installation, and more." Basically, it's another avenue for ANGI to generate revenue, so it's good news but alone probably not enough to move the stock 11%.  

Image source: Getty Images.

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Source Fool.com