Angi stock price was down nearly 4% in after-hours trading Monday. IAC shares gained more than 1%.
The holding company is considering a spinoff of Angi that would result in its stake being distributed to shareholders, IAC CEO Joey Levin wrote in a letter to shareholders that coincided with the company's third-quarter earnings release. IAC owns 85% of Angi, which also includes home services marketplaces Handy and HomeAdvisor.