Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LendingClub Corp shares valued at $193,146 were sold by Sanborn Scott on Sep 05 ’24. At $11.36 per share, Sanborn Scott sold 17,000 shares. The insider’s holdings dropped to 1,373,273 shares worth approximately $15.39 million following the completion of this transaction.
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Also, Sanborn Scott sold 17,000 shares, netting a total of over 174,304 in proceeds. Following the sale of shares at $10.25 each, the insider now holds 1,383,362 shares.
Before that, SCOTT SANBORN had added 68,000 shares to its account. In a trade valued at $680,000, the Director bought LendingClub Corp shares for $10.00 each.
As published in their initiating research note from BTIG Research on June 07, 2024, LendingClub Corp [LC] has been a Buy and the price target has been revised to $12. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in late November. As of June 16, 2023, Jefferies has initiated its “Buy” rating for LC. Earlier on April 11, 2023, JP Morgan initiated its rating. Their recommendation was “an Overweight” for LC stock.
Analyzing LC Stock Performance
During the last five days, there has been a surge of approximately 3.80%. Over the course of the year, LendingClub Corp shares have jumped approximately 28.26%. Shares of the company reached a 52-week high of $12.87 on 07/31/24 and a 52-week low of $7.48 on 04/30/24. A 50-day SMA is recorded $11.10, while a 200-day SMA reached $9.23. Nevertheless, trading volume fell to 1.22 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for LendingClub Corp (LC)
According to the 24-hour chart, there is a support level at 11.01, which, if violated, would cause prices to drop to 10.81. In the upper region, resistance lies at 11.31. The next price resistance is at 11.41. RSI (Relative Strength Index) is 52.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 39.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
