Investors Chopping Away At Lending Tree Inc.

Lending Tree (NASDAQ: TREE) shares are trading lower by $10.18 at $82.21 in Tuesday's session. The catalyst for the decline is a extremely poor Q1 report form its peer On Deck Capital (NASDAQ: ONDK) shares which are trading lower by $2.84 or 34 percent at $5.47.After a modestly lower open, it could not reclaim Monday's close ($92.39), only reaching $91.40 before sellers swarmed the issue. The ensuing decline has taken the issue into a thing traded area ($71.59 to $79.40), that was created when the issue posted a better-than-expected Q1 report.\At this time, the intraday low is just below the top of that range at $78.05 and the issue has rebounded into the 82 handle.