LendingClub Corporation (LC) : Traders are bullish on LendingClub Corporation (LC) as it has outperformed the S&P 500 by a wide margin of 7.29% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.38%, 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 2.81% in the last 1 week, and is up 9.95% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
LendingClub Corporation (NYSE:LC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.63 and $4.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.75, notching a gain of 3.26% for the day. The total traded volume was 7,288,743 . The stock had closed at $4.60 on the previous day.
The stock has recorded a 20-day Moving Average of 5.56% and the 50-Day Moving Average is 4.24%. LendingClub Corporation has dropped 33.1% during the last 3-month period . Year-to-Date the stock performance stands at -57.01%.
LendingClub Corporation (LC) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $11 and the lowest price target forecast is $2. The average forecast of all the analysts is $5.39 and the expected standard deviation is $3.07.
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.