Friday, October 13, 2017 10:15 PM ET
Insider Makes Significant Stock Sale Slowing Buying Trend in LendingTree (TREE) Shares over Last Quarter
A SEC filing today revealed a notable insider sale of LendingTree shares as — Douglas R Lebda, 10% Owner, Director and Officer — sold 4,000 shares in the company having a market value of approximately $1,034,710. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 5,000 company shares and the sale of 4,850 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 3,850 shares and have averaged 3,463 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at LendingTree is above its 20-company peer group average. The Consumer Lending peer group saw 28 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares traded per transaction by LendingTree insiders is lower than its peers. Within the peer group there were 27,000 shares purchased and 317,529 shares sold with company insiders having sold 10,376 shares on average over this time period.
The data used in creating and writing in this story eliminates 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.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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