Angie's List (ANGI) Stock Holds Ground Despite Citron Attacks
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Shares of Angie's List, Inc. (Nasdaq: ANGI) were active on Wednesday following an updated report by Citron. Citron turned negative on the stock with on May 1st, calling it "the most ridiculous business model in the new web economy."
Today Citron followed up, calling Angie's List "a poster child for valuations disconnected from reality, and failed businesses supported by other people's money."
Citron also accused Angie's List of outright lies.
Volume in Angie's list was heavy, but the stock held up well, trading flat heading into the final hour of trading.
Today Citron followed up, calling Angie's List "a poster child for valuations disconnected from reality, and failed businesses supported by other people's money."
Citron also accused Angie's List of outright lies.
Volume in Angie's list was heavy, but the stock held up well, trading flat heading into the final hour of trading.
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