LendingTree (TREE) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $4.9 million worth of transactions were on upticks, whereas, the downticks accounted for $3.17 million worth of transactions. The net money flow was a positive $1.72 million and the uptick to downtick ratio was 1.54. The net money flow into the stock was $0.1 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.1 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. LendingTree (TREE) was trading at $99.8, down $1.7 during day. The stock slid -1.67% over the previous days close. For the week, the stock recorded -2.43% over the previous weeks close.
Also, Compass Point initiates coverage on LendingTree (NASDAQ:TREE) In a research note issued to the investors, the brokerage major announces price-target of $100 per share.The shares have been rated Buy. The rating by the firm was issued on June 2, 2016.
LendingTree (NASDAQ:TREE): The stock opened at $102.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $103.87 for the day. The stock traded down to $93.72 during the day, due to lack of any buying support eventually closed down at $95.37 with a loss of -6.04% for the day. The stock had closed at $101.50 on the previous day. The total traded volume was 829,604 shares.
The stock has recorded a 20-day Moving Average of 5.16% and the 50-Day Moving Average is 15.03%. 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, 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.