Market Overview

LendingTree Climbs Back To January Levels After Q4 Beat

Related TREE
Jim Cramer Advises His Viewers On Prestige Brands, CVS Health And More
50 Biggest Movers From Yesterday

LendingTree Inc (NASDAQ: TREE) shares are trading higher by $12.40 at $82.34 in Thursday's session. The catalyst for the rally is a Q4 EPS beat of $0.13 with slightly better sales.

The issue has now recovered a majority of its losses from January 12, falling from its previous day close ($86.63) to $61.14. The reason for the rout was supposedly negative comments were made regarding the current quarters guidance on a conference call.

After a higher open, it sprinted to $86.90 before pre-earnings buyers came in to lock-in profits. The ensuing decline has taken the issue to $79.40. Since making that low, it has climbed back into the $82 handle.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Related Articles (TREE)

View Comments and Join the Discussion!