Why LendingTree Stock Is Trading Lower Today

LendingTree TREE tree shares are trading lower despite the company reporting better-than-expected first-quarter results.

The company issued second-quarter sales guidance of $263 million to $273 million and adjusted EBITDA guidance of $27 million to $31 million.

LendingTree is a United States-based company that is principally engaged in operating an online loan marketplace.

The stock was trading 11.20% lower at $218.74. The stock has a 52-week high of $372.64 and a 52-week low of $193.27.