LendingClub Corp’s recent filing unveils that its Director SCOTT SANBORN acquired Company’s shares for reported $0.68 million on Aug 08 ’24. In the deal valued at $10.00 per share,68,000 shares were bought.
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Then, Sanborn Scott sold 17,000 shares, generating $174,304 in total proceeds. Upon selling the shares at $10.25, the CEO now owns 1,383,362 shares.
Before that, Selleck Erin bought 703 shares. LendingClub Corp shares valued at $6,805 were divested by the Director at a price of $9.68 per share.
BTIG Research initiated its LendingClub Corp [LC] rating to a Buy in a research note published on June 07, 2024; the price target was $12. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late November with a ‘”an Overweight”‘ rating. Jefferies began covering LC with “Buy” recommendation on June 16, 2023. JP Morgan started covering the stock on April 11, 2023. It rated LC as “an Overweight”.
Price Performance Review of LC
On Friday, LendingClub Corp [NYSE:LC] saw its stock jump 1.54% to $10.52. Over the last five days, the stock has lost -1.13%. LendingClub Corp shares have risen nearly 20.37% since the year began. Nevertheless, the stocks have risen 38.60% over the past one year. While a 52-week high of $12.87 was reached on 07/31/24, a 52-week low of $4.73 was recorded on 04/30/24. SMA at 50 days reached $9.34, while 200 days put it at $8.24. A total of 1.26 million shares were traded, compared to the trading of 1.51 million shares in the previous session.
Levels Of Support And Resistance For LC Stock
The 24-hour chart illustrates a support level at 10.32, which if violated will result in even more drops to 10.13. On the upside, there is a resistance level at 10.65. A further resistance level may holdings at 10.79. The Relative Strength Index (RSI) on the 14-day chart is 53.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.73%. Stochastics%K at 23.54% indicates the stock is a holding.
