LendingClub Corporation (LC) has risen sharply, recording gains of 16.88% in the past 4 weeks. However, the stock has corrected -1.64% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 17.13% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 5.19% and the fifty day Moving Average is 13.08%. LendingClub Corporation is up 12.27% in the last three month period. Year-to-Date the stock performance stands at -51.13%.
LendingClub Corporation (LC) stock is expected to deviate a maximum of $3.13 from the average target price of $5.7 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $11 and the most muted being $2.
LendingClub Corporation (NYSE:LC): On Fridays trading session , Opening price of the stock was $5.53 with an intraday high of $5.65. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.35. However, the stock managed to close at $5.4, a loss of 2.17% for the day. On the previous day, the stock had closed at $5.52. The total traded volume of the day was 6,768,631 shares.
LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Companys online marketplace connects borrowers. Lending Clubs marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Companys standard program loans are a part of the standard loan program. The standard program loans are three- or five-year unsecured personal loans which are offered to borrowers. These loans can be invested in through the purchase of notes issued pursuant to a Note Registration Statement, and are available through the Companys Website. The custom program loans include small business loans, super prime consumer loans, education and patient finance loans and personal loans. The Companys technology platform supports its marketplace and makes available loan products to investor channels.