Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LendingTree Inc shares valued at $29,633 were sold by Enlow-Novitsky Heather on Nov 11 ’24. At $52.54 per share, Enlow-Novitsky Heather sold 564 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Rodriguez Diego A sold 102 shares, netting a total of over 4,829 in proceeds. Following the sale of shares at $47.34 each, the insider now holds 4,109 shares.
Before that, Rodriguez Diego A had sold 2,000 shares from its account. In a trade valued at $98,320, the Director traded LendingTree Inc shares for $49.16 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $0.16 million.
As published in a research note from Keefe Bruyette on February 28, 2024, LendingTree Inc [TREE] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $45 from $24. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in early January. As of February 28, 2023, Susquehanna has decreased its “Positive” rating to a “Neutral” for TREE.
Analyzing TREE Stock Performance
During the last five days, there has been a drop of approximately -12.61%. Over the course of the year, LendingTree Inc shares have jumped approximately 26.39%. Shares of the company reached a 52-week high of $62.49 on 10/16/24 and a 52-week low of $24.55 on 01/17/24. A 50-day SMA is recorded $51.18, while a 200-day SMA reached $46.84. Nevertheless, trading volume fell to 1.49 million shares from 87922.0 shares the previous day.
Support And Resistance Levels for LendingTree Inc (TREE)
According to the 24-hour chart, there is a support level at 35.48, which, if violated, would cause prices to drop to 32.63. In the upper region, resistance lies at 40.24. The next price resistance is at 42.16. RSI (Relative Strength Index) is 31.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.70, which suggests the price will decrease in the coming days. Percent R is at 73.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
