LendingTree has decided to buy back 1 million of its shares over the next 18 months, the company announced Thursday.

Stock in LendingTree, an online lending exchange company, dropped below $10 a share in Feburary after trading above $15 in December.

LendingTree (Nasdaq: TREE) stock was trading at $12.48 in midday trading.

LendingTree: www.lendingtree.com