Angi Inc. Stock Declines 3% Following Completion Of IAC Spin-Off

(RTTNews) - Angi Inc. (ANGI) is trading at $14.86, down 3.57 percent or $0.55 during Tuesday's trading, after IAC completed the spin-off of its full ownership stake in the home services platform.

The stock opened at $15.03 and has traded between $14.65 and $15.83 so far today, compared to a previous close of $15.41 on the Nasdaq. Volume has reached 1.16 million shares, well above its average of 159,737. The stock's 52-week range stands between $14.65 and $29.20.

With this transaction, IAC's former interest in Angi is now directly held by IAC shareholders, making Angi an independent, publicly traded company. The spin-off also eliminates Angi's dual class voting structure and positions it for potential M&A activity, capital formation, and talent acquisition.