LendingTree, Inc. - Common Stock (TREE)

EQNX::TICKER_START (NYSEPAPL),NASDAQ:NRDSNASDAQNRDS)(NYSE:LCNYSELC,(OTCQB:FMCC),(NASDAQ:TREENASDAQ) EQNX::TICKER_END

Shares of LendingTree, Inc. (NASDAQTREE) traded at a new 52-week high today and are currently trading at $41.94. So far today, approximately 81,885 shares have been exchanged, as compared to an average 30-day volume of 315.69k shares.

LendingTree, Inc. (NASDAQTREE) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 4.74% on the day to $11.06.

If market sentiment stays bullish, small caps with depressed shares prices and valuation could turn into big-time outperformers.

PALM BEACH, Fla. , Nov. 14, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The Global Mortgage Lender Market is expected to grow at a substantial rate for years to come. A mortgage lender refers to a financial institution or company that provides loans for purchasing or refinancing real estate properties. A mortgage lender allows individuals or businesses to borrow funds to acquire residential or commercial properties. The main type of mortgage lenders is residential and commercial estate. Residential refers to properties or locations that are primarily utilized for housing or living. The various providers are banks, credit unions, and mortgage brokers, with various mortgage rates, including fixed-rate and adjustable-rate, and various repayment periods, including short-term and long-term. These are used in various applications such as new houses and second-hand houses. A report from The Business Research Company said that: "The mortgage lender market size has grown rapidly in recent years. It grew from $1024.5 billion in 2023 to $1158.58 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to increased interest rates, increased costs of living, increased per capita income, population growth, credit market tightening." Active fintech/lending companies in the markets this week include: Pineapple Financial Inc. (NYSE American: PAPL), NerdWallet, Inc. (NASDAQNRDS), LendingClub Corporation NYSE: LCNYSELC)(NASDAQ: TREENASDAQTREE.