2024-02-15 13:50:46 ET
Summary
- LendingTree's stock has experienced a significant rally, but it may be overdone and driven by sentiment rather than strong earnings.
- The company is facing challenges due to declining loan applications and increasing rejection rates.
- The recovery story may be delayed until 2025 as the Fed keeps a tight policy.
LendingTree, Inc. ( TREE ) has made huge gains since its last earnings release on October 31st. From a low of $10.12 on the 26th October, it made a recent 11-month high of $38 on 13th February....
Read the full article on Seeking Alpha
For further details see:
LendingTree: The Rally Is On Borrowed Time