LendingTree Inc’s recently made public that its Chairman & CEO LEBDA DOUGLAS R acquired Company’s shares for reported $0.52 million on Dec 06 ’24. In the deal valued at $39.72 per share,13,000 shares were bought. As a result of this transaction, LEBDA DOUGLAS R now holds 121,599 shares worth roughly $5.0 million.
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Then, Totman Scott V. bought 3,750 shares, generating $144,725 in total proceeds. Upon buying the shares at $38.59, the Chief Technology Officer now owns 18,192 shares.
Before that, Enlow-Novitsky Heather sold 564 shares. LendingTree Inc shares valued at $29,633 were divested by the General Counsel & Corp Sec. at a price of $52.54 per share. As a result of the transaction, Enlow-Novitsky Heather now holds 0 shares, worth roughly $0.0.
Keefe Bruyette upgraded its LendingTree Inc [TREE] rating to an Outperform from a a Mkt perform in a research note published on February 28, 2024; the price target was increased to $45 from $24. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in early January has reiterated a ‘”an Outperform”‘ rating for it. Susquehanna also remained covering TREE and has decreased its forecast on February 28, 2023 with a “Neutral” recommendation from previously “Positive” rating.
Price Performance Review of TREE
On Monday, LendingTree Inc [NASDAQ:TREE] saw its stock jump 4.93% to $41.11. Over the last five days, the stock has gained 0.49%. LendingTree Inc shares have risen nearly 35.59% since the year began. Nevertheless, the stocks have risen 80.47% over the past one year. While a 52-week high of $62.49 was reached on 10/16/24, a 52-week low of $20.57 was recorded on 01/17/24. SMA at 50 days reached $50.54, while 200 days put it at $46.90.
Levels Of Support And Resistance For TREE Stock
The 24-hour chart illustrates a support level at 38.87, which if violated will result in even more drops to 36.63. On the upside, there is a resistance level at 42.42. A further resistance level may holdings at 43.72. The Relative Strength Index (RSI) on the 14-day chart is 40.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.69%. Stochastics %K at 37.49% indicates the stock is a holding.
How much short interest is there in LendingTree Inc?
A steep rise in short interest was recorded in LendingTree Inc stocks on 2024-11-15, growing by 0.65 million shares to a total of 0.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.2 million shares. There was a rise of 76.08%, which implies that there is a positive sentiment for the stock.
