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Investors Chopping Away At Lendingtree

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Lendingtree Inc TREE 8.12% shares are trading lower by $10.18 at $82.21 in Tuesday's session. The catalyst for the decline is an extremely poor Q1 report from its peer On Deck Capital Inc ONDK 35.36%, which was trading lower by $2.84 (34 percent) at $5.47.

After a modestly lower open, it could not reclaim Monday's close ($92.39), only reaching $91.40 before sellers swarmed the issue. The ensuing decline has taken the issue into a thinly-traded area ($71.59 to $79.40) that was created when the issue posted a better-than-expected Q1 report.

At this time, the intra-day low is just below the top of that range at $78.05 and the issue has rebounded into the 82 handle.

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