Angie's List Inc ANGI shares are trading lower by $0.04 at $7.66 in Tuesday's session. The catalyst for the decline is a Q3 EPS loss that was double the Street's estimates.
The primary reason the issue is not deeper in the red is the company announced it's open to exploring strategic alternatives; in other words, a sale of the company.
The latter news instigated a higher open that quickly ended off its opening print of $8.44. That high is just shy of its October 19 high of $8.49.
The ensuing decline has found support in the same area it had the last five days at $7.50 as the current low stands at $7.54.
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