Angi Stock Is Moving Higher Wednesday: What's Going On?

Angi Inc ANGI shares are trading higher Wednesday. The company announced executive leadership changes.

What Happened: Angi announced a series of management changes this week including the departure of senior vice president, chief accounting officer and controller of Angi Christopher Bohnert. Bohnert will resign from his role, effective Nov. 1. He will remain with the company for some time to assist with the transition period.

Angi also announced the appointment of Bailey Carson to COO of the company, effective immediately. Carson, who previously worked as chief customer experience officer for Angi, will oversee the company's sales, customer care and operations.

Angi further named Glenn Orchard chief growth officer of Angi, effective immediately. Orchard will oversee the company's growth, marketing strategy and execution. He previously served as senior vice president of digital and growth at Angi.

Finally, Julie Gosal Hoarau was appointed chief accounting officer. Hoarau previously worked as vice president of accounting operations of MongoDB.

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Angi is due to report quarterly earnings at the beginning of November. Analysts expect the company to report breakeven earnings and revenue of $296.465 million, according to estimates from Benzinga Pro.

ANGI Price Action: Angi shares were up 2.78% at $2.59 at the time of publication Wednesday, according to Benzinga Pro.

Photo: 3844328 from Pixabay.