Why LendingTree Stock Is Trading Lower Today
LendingTree (NASDAQ:TREE) tree shares are trading lower despite the company reporting better-than-expected first-quarter results.
The company issued second-quarter sales guidance of $263 million to $273 million and adjusted EBITDA guidance of $27 million to $31 million.
LendingTree is a United States-based company that is principally engaged in operating an online loan marketplace.
The stock was trading 11.20% lower at $218.74. The stock has a 52-week high of $372.64 and a 52-week low of $193.27.
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