Latest News shares up on first day

In the company's first official day of trading as a stand-alone company, shares of Charlotte-based Inc. were up more than 3 percent to $7.67 by midafternoon., the parent of LendingTree and, was spun off today from New York-based IAC/InterActiveCorp, which is honing its focus on its Internet businesses. IAC also spun off home shopping network HSN Inc., time-share firm Interval Leisure Group Inc., and ticket purveyor Ticketmaster.

Based in Ballantyne, is looking to diversify beyond its well-known online lending exchange into credit cards, insurance and other products. The company now trades under the “TREE” symbol it used before its sale to IAC in 2003.