DEXWireNews

LendingTree Buys Back $100 Mln Of Outstanding 0.50% Senior Notes

看多
BATS:TREE   LendingTree, Inc.
Online financial platform, LendingTree, Inc. (TREE), Wednesday announced that it has repurchased 0.50% convertible senior notes worth approx. $100 million, which were issued in July 2020 and will be due in 2025.

The company has spent approx. $81.4 million in cash for this transaction. On Tuesday, LendingTree's stock closed at $19.62, down by 0.66%.

The company’s stock price has been in a bearish trend since reaching a 52-week high of $47.82 on January 28, 2023. The stock has been trading below its 50-day and 200-day moving averages, indicating a lack of momentum and support. The stock also faces strong resistance at $21.35, which is the 38.2% Fibonacci retracement level of the downtrend from January to November 2023.

However, the stock still faces significant challenges in the mid to long term, such as the declines in home revenue, the economic risks from the pandemic, and the competition from other online lending platforms . Therefore, the stock may not reach for the stars anytime soon.

⭐⭐⭐ Sign Up for Free ⭐⭐⭐

1) Download our Mobile App >>

Android: dexwirenews.com/APP

Apple: dexwirenews.com/iOS

2) Join our Telegram >> t.me/DEXWireNews

3) Follow @DEXWireNews on Social Media
免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。