Shares of Angie’s List (NASDAQ: ANGI) more than doubled last month after the contractor-recommendation site agreed to be acquired by IAC Interactive (NASDAQ: IAC). According to data from S&P Global Market Intelligence, the stock finished the month of May up 105%.
Image source: Angie’s List.
As the chart below shows, the stock surged on the news in the beginning of the month and never looked back.