Friday, September 01, 2017 10:15 PM ET
Insider Makes Significant Stock buy in LendingTree (TREE) Shares Extends the Trend of Last 90 Days
An insider — G Kennedy Thompson, Director — acquired 5,000 shares of LendingTree having a market value of approximately $1,154,550 today, as disclosed in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 450,000 company shares and the sale of 36,850 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 418,150 shares and have averaged 98,370 shares per transaction over this time period.
Insiders at LendingTree have a higher number of buy/sell transactions than the 20-peer company average over the last 90-day period. The Consumer Lending peer group saw 27 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for LendingTree insiders was also higher. Within the peer group there were 472,000 shares purchased and 232,852 shares sold with company insiders having bought 15,943 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data obtained to compose and write this story.
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