LendingTree, Inc. TREE was a big mover last session, as the company saw its shares rise a little over 11% on the day. Shares moved up after Bank of America upgraded the stock to Buy from Neutral. This led to solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company as the stock is now down 15.4% in the past one-month time frame.
This finance-mortgage and related services stock witnessed one negative estimate revision in the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
LendingTree sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.
Investors interested in the space may also consider Federal Agricultural Mortgage Corp. AGM, carrying a Zacks Rank #1.
Is TREE going up? Or down? Predict to see what others think: Up or Down
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