Top 20 Falling Stocks with Unusual Volume

11. Angi Inc. (NASDAQ:ANGI)

Angi Inc. links consumers and home professionals. It operates in Services, Ads and Leads, and International segments. The company operates under different brands including HomeAdvisor, Handy, and Angi. The stock is down 8.23% in a week on a relative volume of 2.04.

Last week, the company’s stock was downgraded by RBC Capital. The firm lowered the price target significantly from $27.5 to $17. The reason for the downgrade was a weaker macro environment resulting in softer consumer sentiment, which is expected to hit small and medium-sized businesses hard.

The above news worsened the sentiments, which were already quite low after the successful spin-off of IAC’s stake in the company earlier in the month. The company has improved its margins and platform usage statistics look attractive, but until the company solves the problem of declining revenues, there is unlikely to be a change in sentiment.