LendingClub Corp’s recently made public that its Director Selleck Erin acquired Company’s shares for reported $52425.0 on Oct 31 ’23. In the deal valued at $5.24 per share,10,000 shares were bought. As a result of this transaction, Selleck Erin now holds 45,135 shares worth roughly $0.37 million.
Then, Morris John C. bought 10,000 shares, generating $52,283 in total proceeds. Upon buying the shares at $5.23, the Director now owns 183,667 shares.
Before that, Ahmad Syed Faiz bought 10,000 shares. LendingClub Corp shares valued at $52,221 were divested by the Director at a price of $5.22 per share. As a result of the transaction, Ahmad Syed Faiz now holds 25,601 shares, worth roughly $0.21 million.
Piper Sandler initiated its LendingClub Corp [LC] rating to an Overweight in a research note published on November 28, 2023; the price target was $8. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. JP Morgan began covering LC with “an Overweight” recommendation on April 11, 2023. Janney revised its rating on January 26, 2023. It rated LC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of LC
On Friday, LendingClub Corp [NYSE:LC] saw its stock fall -2.18% to $8.09. Over the last five days, the stock has lost -4.60%. LendingClub Corp shares have fallen nearly -7.44% since the year began. Nevertheless, the stocks have risen 14.59% over the past one year. While a 52-week high of $10.92 was reached on 01/31/24, a 52-week low of $4.73 was recorded on 01/17/24. SMA at 50 days reached $8.35, while 200 days put it at $7.56. A total of 0.72 million shares were traded, compared to the trading of 0.85 million shares in the previous session.
Levels Of Support And Resistance For LC Stock
The 24-hour chart illustrates a support level at 7.99, which if violated will result in even more drops to 7.89. On the upside, there is a resistance level at 8.22. A further resistance level may holdings at 8.34. The Relative Strength Index (RSI) on the 14-day chart is 42.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.07%. Stochastics %K at 9.08% indicates the stock is a buying.
