
LendingTree (NASDAQ:TREE) Shares Gap Down - Here's What Happened

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LendingTree (NASDAQ:TREE) shares gapped down from $49.59 to $44.91 before trading, closing at $41.25 with a volume of 149,926 shares. Despite a positive Q1 report with revenue of $327.3M and a GAAP net income of $17.3M, mixed EPS reports led to confusion and selling pressure. Analysts have mixed ratings, with a consensus target price of $68.60. The company faces high volatility risk due to its wide guidance range and conflicting EPS numbers.
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