Angi (ANGI) Stock: Why The Price Jumped Up

By Amit Chowdhry ● Feb 1, 2022
  • The stock price of Angi Inc (NASDAQ: ANGI) increased by 10% in the most recent trading session. This is why it happened.

The stock price of Angi Inc (NASDAQ: ANGI) increased by 10% in the most recent trading session. Investors responded positively to Angi teaming up with Walmart. Angi’s pros will soon be available in nearly 4,000 Walmart stores across all 50 states and nationwide online. This service offering includes more than 150 common home projects including flooring, painting, plumbing, electrical, tv mounting, installation, assembly services for furniture, etc.

The prices start at just $49 for furniture assembly and $79 for TV mounting, all backed by the Angi Happiness Guarantee, which covers projects up to their full purchase price. And Walmart will be Angi’s first limited-time exclusive retailer to offer these services. 

Purchasing a service at Walmart is simple, fast, and easy. The services can be purchased online or in-store alongside any eligible item or from the Angi dedicated landing page at any time on Walmart.com. Once the item is purchased, Angi will reach out to coordinate your booking and ensure the service is completed to delight the customer.

For larger projects like painting and flooring, after a Walmart customer requests a quote, a dedicated project advisor provides a custom quote, finds a pro, and handles all the work, walking alongside the customer the whole way to help make the project a success.

KEY QUOTES:

“We are pleased to launch Angi with Walmart, a leading global retailer, as our first retail integration. Since the start of the pandemic, the home is in focus and people across the U.S. are doing more home improvement, maintenance and repair work and they are often turning to Walmart to find the tools and materials needed to start those projects. Things like sprucing up an entertaining space by installing a new smart TV, painting a nursery for a family addition, and transforming an outdoor space and adding a patio are now projects that Walmart customers can get done seamlessly with the help of an Angi pro as part of the Walmart shopping experience.”

— Oisin Hanrahan, CEO, Angi

“Angi brings experience and highly-rated pros to our customers to help them get jobs done around the home. We’re thrilled to bring the convenience and ease of Angi’s services to our customers.”

— Darryl Spinks, Senior Director of Retail Services at Walmart

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.