Sunday, May 26, 2024

LendingTree gains 6%, passes $3B market cap

Perhaps the most amazing story involving Carolinas-based stocks in the last year is the stunning ascent of LendingTree, which tacked on another big gain last week and is now valued at more than $3 billion. In September, Fortune published a feature explaining why. Here are the major movers in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Oct. 6. The index includes companies with shares trading for at least $10.

The biggest gainers:

Investors Title  (ITIC)  6.4%   $190.50 —  Chapel Hill-based title insurer has gained 93% in the last year and now trades at a record high with a market cap of nearly $360 million. Fine family and other insiders own nearly 30% of shares .

LendingTree  (TREE)  6%   $259.15 — Charlotte-based online marketplace is crushing the shorts. A year ago this week,  it was trading for about $90.

Premier  (BNFT)  5.9%   $34.50 — Charlotte-based medical purchasing and information company has risen 9% in the last year.

Biggest decliners:

Primo Water (PRMW) (-8%)  $10.90 — Shares have declined 8% in the last year. Four of five analysts remain bullish on the Winston-Salem-based company.

Hanesbrands (HBI)  (-3.6%)  $23.75 — Winston-Salem-based apparel maker is off 8% in the last year.

Benefitfocus (BNFT)  (-32.5%)  $11.71 — Charleston, S.C.-based cloud-benefits administrator has declined 22% in the last year.

David Mildenberg
David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at

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