LendingClub Corporation (LC) Shares are Up 19.96%

LendingClub Corporation (LC) : Traders are bullish on LendingClub Corporation (LC) as it has outperformed the S&P 500 by a wide margin of 19.54% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 19.33%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 19.96% in the last 1 week, and is up 17.12% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 16.81% and the 50-Day Moving Average is 27.87%.The 200 Day SMA reached 9.15% LendingClub Corporation is up 32.03% in the last 3-month period. Year-to-Date the stock performance stands at -41.81%.


LendingClub Corporation (LC) : 7 Wall Street analysts covering LendingClub Corporation (LC) believe that the average level the stock could reach for the short term is $5.7. The maximum price target given is $11 and the minimum target for short term is around $2, hence the standard deviation is calculated at $3.13.

Company shares have received an average consensus rating of Hold for the current week LendingClub Corporation (NYSE:LC): The stock opened at $6.17 and touched an intraday high of $6.45 on Friday. During the day, the stock corrected to an intraday low of $6.17, however, the bulls stepped in and pushed the price higher to close in the green at $6.43 with a gain of 4.21% for the day. The total traded volume for the day was 14,531,456. The stock had closed at $6.43 in the previous trading session.

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.

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