LendingTree Inc (New) (TREE) was one of the Russell 2000's biggest losers for Monday February 08 as the stock slid 9.18% to $54.54, a loss of $-5.51 per share. Starting at an opening price of $59.00 a share, the stock traded between $53.22 and $59.05 over the course of the trading day. Volume was 579,530 shares over 5,012 trades, against an average daily volume of 587,982 shares and a total float of 11.54 million.
The losses send LendingTree Inc (New) down to a market cap of $629.4 million. In the last year, LendingTree Inc (New) has traded between $139.59 and $39.98, and its 50-day SMA is currently $85.37 and 200-day SMA is $89.17.
The stock has a P/E Ratio of 23.1.
LendingTree Inc is an online lender exchange that connects consumers with lenders, and provides online tools to aid consumers in their financial divisions. It provides services such as mortgages, refinance loans, home equity loans, and among others.
LendingTree Inc (New) is based out of Charlotte, NC and has some 218 employees. Its CEO is Douglas R. Lebda.
For a complete fundamental analysis analysis of LendingTree Inc (New), check out Equities.com’s Stock Valuation Analysis report for TREE. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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