LendingTree Inc (NASDAQ:TREE) shares, rose in value, with the stock price up by 21.96% to the previous day’s close as strong demand from buyers drove the stock to $49.11.
Actively observing the price movement in the recent trading, the stock is buoying the session at $40.27. Referring to stock’s 52-week performance, its high was $62.49, and the low was $33.58. On the whole, TREE has fluctuated by 9.63% over the past month.
With the market capitalization of LendingTree Inc currently standing at about $656.26 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TREE’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of TREE currently trading nearly 13.95% and 16.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.84, while the 7-day volatility ratio is showing 7.73% which for the 30-day chart, stands at 5.17%. Furthermore, LendingTree Inc (TREE)’s beta value is 2.10, and its average true range (ATR) is 2.94.
A comparison of LendingTree Inc (TREE) with its peers suggests the former has fared considerably weaker in the market. TREE showed an intraday change of 21.96% in today’s session so far, and over the past year, it grew by 23.25%%.
Data on historical trading for LendingTree Inc (NASDAQ:TREE) indicates that the trading volumes over the past 3 months, they’ve averaged 238.38K. According to company’s latest data on outstanding shares, there are 13.36 million shares outstanding.
Nearly 18.14% of LendingTree Inc’s shares belong to company insiders and institutional investors own 79.43% of the company’s shares. The stock has risen by 26.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TREE stock heading into the next quarter.
