LendingTree (TREE): The stock had negative money flow to the tune of ($1.6 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $4.83 million, whereas, the outflow of money on downticks was $6.43 million and the ratio between the two was 0.75. The block trade had a negative net money flow of ($0 million). On the other hand, downticks amounted to $0 million of the traded value, which shows distribution in the stock by traders. LendingTree (TREE) closed with marginal gains of 307 cents to end the day at $98, an increase of 3.23% over the previous days close. The stock recorded -4.2% for the week.
LendingTree (TREE) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $150 and the lowest price target forecast is $94. The average forecast of all the analysts is $118.38 and the expected standard deviation is $21.13.
LendingTree (NASDAQ:TREE): stock turned positive on Friday. Though the stock opened at $95.35, the bulls momentum made the stock top out at $98.76 level for the day. The stock recorded a low of $95.1445 and closed the trading day at $97.41, in the green by 2.61%. The total traded volume for the day was 409,423. The stock had closed at $94.93 in the previous days trading.
In a related news, Patel Nikul, officer (Chief Operating Officer) of Lendingtree, Inc., unloaded 2,500 shares at an average price of $88.17 on June 7, 2016. The total amount of the transaction was worth $220,425, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.