Friday, December 29, 2017 10:15 PM ET
Insider at LendingTree (TREE) Makes Significant Sale of Stock
An insider — Douglas R Lebda, 10% Owner, Director and Officer — disposed of 8,000 shares of LendingTree having a market value of approximately $2,710,462 today, as indicated in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 4,000 company shares and the disposition of 75,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 79,000 shares and have averaged 14,500 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at LendingTree is greater than its 20-company peer group average. The Consumer Lending peer group saw 46 buy/sell trades during this period for an average of 2.3 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 27,706,581 shares purchased and 344,644 shares sold with company insiders having bought 1,243,724 shares on average over this time period.
To bring into focus 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 in data sourced to compose and write this story.
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