In a recent transaction, Heather Novitsky, General Counsel & Corporate Secretary of LendingTree, Inc. (NASDAQ:TREE), sold 2,000 shares of company stock. The sale was executed on May 3, 2024, with the total value of the transaction exceeding $98,000.
The shares were sold at an average price of $49.08, with individual sale prices ranging from $48.97 to $49.15. This range reflects a weighted average, indicating that multiple transactions occurred at varying prices within this bracket. Novitsky's decision to sell has adjusted her direct ownership in the company to a total of 564 shares following the transaction.
The information regarding the precise number of shares sold at each specific price point within the given range is available upon request from the Securities and Exchange Commission staff, LendingTree itself, or any shareholder of the company.
LendingTree, Inc., headquartered in Charlotte, North Carolina, operates within the loan brokerage industry and is incorporated in Delaware. The company has previously been known as Tree.com, Inc. before changing its name on May 7, 2008.
This sale by a high-ranking executive at LendingTree may be of interest to current and potential investors, as it provides insights into insider activity and sentiment within the company.
InvestingPro Insights
Following the recent insider sale at LendingTree, Inc. (NASDAQ:TREE), investors may be interested in the company's current financial health and stock performance. According to InvestingPro data, LendingTree has a market capitalization of $647.08 million USD. Despite a challenging period with revenue declining by 29.1% in the last twelve months as of Q1 2024, the company has experienced a significant price uptick, with a 6-month total return of 226.91% and a 1-year total return of 169.06%. This suggests a strong recovery in investor sentiment and stock price momentum.
An InvestingPro Tip highlights that analysts are predicting profitability for LendingTree this year, which could be driving positive sentiment. Additionally, another tip notes that 5 analysts have revised their earnings estimates upwards for the upcoming period, indicating potential improvements in the company's financial outlook. With high return rates over the last year and recent months, investors may find these developments encouraging.
For those interested in deeper analysis, there are 13 additional InvestingPro Tips available for LendingTree, which could provide further insights into the company's performance and outlook. To explore these tips and more detailed metrics, visit https://www.investing.com/pro/TREE and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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