Shares of online lending marketplace LendingTree Inc ( US:TREE ) surged 17.6% in trading over Thursday and Friday after CEO Doug Lebda made one of the largest stock purchases in company history, totaling a whopping $2.1 million.

Fintel revealed the transaction on their CEO purchases page, which became public on Wednesday evening. Investor confidence grew exponentially due to this large-scale stock purchase, allowing the TREE to gain 114% since hitting a 52-week low of $17.60 on December 27th. Although the share price is still -68.5% lower on a 1 year view, recent momentum has