LendingTree (TREE): The stock had negative money flow to the tune of ($1.23 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $1.66 million, whereas, the outflow of money on downticks was $2.89 million and the ratio between the two was 0.57. The block trade had a negative net money flow of ($0.1 million). On the other hand, downticks amounted to $0.1 million of the traded value, which shows distribution in the stock by traders. LendingTree (TREE) closed with marginal gains of 20 cents to end the day at $102.49, an increase of 0.19% over the previous days close. The stock recorded 7.02% for the week.
LendingTree, Inc. is up 1.51% in the last 3-month period. Year-to-Date the stock performance stands at 15.26%. Shares of LendingTree, Inc. rose by 6.78% in the last five trading days and 38.75% for the last 4 weeks. In a related news,The officer (Chief Operating Officer) of Lendingtree, Inc., Patel Nikul sold 2,500 shares at $88.17 on June 7, 2016. The Insider selling transaction had a total value worth of $220,425. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
LendingTree (NASDAQ:TREE): stock turned positive on Monday. Though the stock opened at $102.04, the bulls momentum made the stock top out at $104.169 level for the day. The stock recorded a low of $100.79 and closed the trading day at $102.9, in the green by 0.60%. The total traded volume for the day was 525,516. The stock had closed at $102.29 in the previous days trading.
LendingTree, Inc. (LendingTree), formerly Tree.com, Inc. is engaged in operating an online loan marketplace for consumers an array of loan types and other credit-based offerings. The Company offers consumers tools and resources, including free credit scores, which help them to comparison-shop for mortgage loans, home equity loans and lines of credit, reverse mortgages, personal loans, auto loans, student loans, credit cards, small business loans and other related offerings. And, upon submitting their relevant information to the Company through an inquiry form, it seeks to match in-market consumers with multiple lenders on its marketplace. The Company operates in four segments: lending, auto, education and home services. It provides information and tools, including free credit scores located on its various Websites. In addition, the Company provides consumers with access to offers from multiple lenders.