LendingClub Corp’s recent filing unveils that its CEO Sanborn Scott unloaded Company’s shares for reported $0.19 million on Oct 03 ’24. In the deal valued at $11.09 per share,17,000 shares were sold. As a result of this transaction, Sanborn Scott now holds 1,356,273 shares worth roughly $-17.32 million.
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Then, Sanborn Scott sold 17,000 shares, generating $193,146 in total proceeds. Upon selling the shares at $11.36, the CEO now owns 1,373,273 shares.
Before that, Sanborn Scott sold 17,000 shares. LendingClub Corp shares valued at $174,304 were divested by the CEO at a price of $10.25 per share. As a result of the transaction, Sanborn Scott now holds 1,383,362 shares, worth roughly $17.67 million.
Keefe Bruyette upgraded its LendingClub Corp [LC] rating to an Outperform from a a Mkt perform in a research note published on October 10, 2024; the price target was increased to $15 from $11.50. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. Piper Sandler began covering LC with “an Overweight” recommendation on November 28, 2023. Jefferies started covering the stock on June 16, 2023. It rated LC as “a Buy”.
Price Performance Review of LC
On Monday, LendingClub Corp [NYSE:LC] saw its stock jump 2.74% to $12.77. Over the last five days, the stock has gained 13.31%. LendingClub Corp shares have risen nearly 46.11% since the year began. Nevertheless, the stocks have risen 133.88% over the past one year. While a 52-week high of $12.87 was reached on 10/14/24, a 52-week low of $4.73 was recorded on 04/30/24. SMA at 50 days reached $11.20, while 200 days put it at $9.34.
Levels Of Support And Resistance For LC Stock
The 24-hour chart illustrates a support level at 12.48, which if violated will result in even more drops to 12.19. On the upside, there is a resistance level at 13.03. A further resistance level may holdings at 13.28. The Relative Strength Index (RSI) on the 14-day chart is 68.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.02%. Stochastics %K at 86.28% indicates the stock is a selling.
How much short interest is there in LendingClub Corp?
A steep rise in short interest was recorded in LendingClub Corp stocks on 2024-09-30, dropping by 61448.0 shares to a total of 3.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.68 million shares. There was a decline of -1.7%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 11, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $11 price target.
