On Deck Capital (ONDK) Shares are Up 5.61%

On Deck Capital (ONDK) : Traders are bullish on On Deck Capital (ONDK) as it has outperformed the S&P 500 by a wide margin of 18.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.65%, 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 5.61% in the last 1 week, and is up 18.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

On Deck Capital, Inc. is up 32.41% in the last 3-month period. Year-to-Date the stock performance stands at -39.71%. The stock has recorded a 20-day Moving Average of 13.23% and the 50-Day Moving Average is 16.98%.


On Deck Capital (NYSE:ONDK): The stock opened at $6.25 on Friday but the bulls could not build on the opening and the stock topped out at $6.25 for the day. The stock traded down to $6.12 during the day, due to lack of any buying support eventually closed down at $6.21 with a loss of -0.96% for the day. The stock had closed at $6.27 on the previous day. The total traded volume was 525,437 shares.

Also, JP Morgan maintains its rating on On Deck Capital (NYSE:ONDK). The global brokerage major lowers the current price target from $8 per share to $6.5 per share. Analysts at the JP Morgan have a current rating of Neutral on the shares. The rating by the firm was issued on August 9, 2016.

On Deck Capital, Inc. is an online platform for small business lending. The Company aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Companys Website and, using its OnDeck Score, the Company makes a funding decision and transfers the funds. The Company offers two products to small businesses to access capital: term loans and lines of credit. The Companys end-to-end integrated platform includes the Companys Website, which allows small businesses to apply for a loan in minutes, around the clock; data and analytics engine, analyzes thousands of data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology, which offers seamless funding of loans, and daily and weekly collections and ongoing servicing system.

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