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 $19.3 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 $19.69 million.
Maxim Group reiterated its LendingClub Corp [LC] rating to a Buy in a research note published on October 25, 2024; the price target was $19. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early October from “a Mkt perform” to “an Outperform”. BTIG Research began covering LC with “Buy” recommendation on June 07, 2024. Piper Sandler started covering the stock on November 28, 2023. It rated LC as “an Overweight”.
Price Performance Review of LC
On Monday, LendingClub Corp [NYSE:LC] saw its stock jump 4.71% to $14.23. Over the last five days, the stock has gained 15.88%. LendingClub Corp shares have risen nearly 62.81% since the year began. Nevertheless, the stocks have risen 184.03% over the past one year. While a 52-week high of $15.52 was reached on 10/24/24, a 52-week low of $4.73 was recorded on 04/30/24. SMA at 50 days reached $11.73, while 200 days put it at $9.56.
Levels Of Support And Resistance For LC Stock
The 24-hour chart illustrates a support level at 13.76, which if violated will result in even more drops to 13.28. On the upside, there is a resistance level at 14.65. A further resistance level may holdings at 15.06. The Relative Strength Index (RSI) on the 14-day chart is 70.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.53%. Stochastics %K at 61.65% indicates the stock is a holding.
How much short interest is there in LendingClub Corp?
A steep rise in short interest was recorded in LendingClub Corp stocks on 2024-10-15, growing by 0.23 million shares to a total of 3.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.57 million shares. There was a rise of 5.95%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 16, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $13.50 price target.
