Shares of LendingClub Corporation (LC) Rally 3.94%

LendingClub Corporation (LC) has been under a strong bear grip, hence the stock is down -11.66% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.4% in the past 1 week. The stock has risen by 3.94% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.8% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.84% and the 50-Day Moving Average is 1.67%.

LendingClub Corporation (NYSE:LC): The stock opened at $4.50 on Friday but the bulls could not build on the opening and the stock topped out at $4.57 for the day. The stock traded down to $4.43 during the day, due to lack of any buying support eventually closed down at $4.49 with a loss of -0.44% for the day. The stock had closed at $4.51 on the previous day. The total traded volume was 7,187,499 shares.


The company Insiders own 11.4% of LendingClub Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.82% . Institutional Investors own 93.54% of LendingClub Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 0.19%. In a related news, Gulati Sameer, Officer (Chief Operations Officer) of LendingClub Corp, unloaded 8,072 shares at an average price of $4.29 on June 27, 2016. The total amount of the transaction was worth $34,629, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.