Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. LendingClub Corp shares valued at $35,895 were sold by Morris John C. on Oct 29 ’24. At $14.36 per share, Morris John C. sold 2,500 shares. The insider’s holdings dropped to 203,348 shares worth approximately $2.88 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Sanborn Scott sold 17,000 shares, netting a total of over 188,533 in proceeds. Following the sale of shares at $11.09 each, the insider now holds 1,356,273 shares.
Before that, Sanborn Scott had sold 17,000 shares from its account. In a trade valued at $193,146, the CEO traded LendingClub Corp shares for $11.36 each. Upon closing the transaction, the insider’s holdings decreased to 17,000 shares, worth approximately $19.47 million.
As published in a research note from Maxim Group on October 25, 2024, LendingClub Corp [LC] has been retained to a Buy and the price target has been revised to $19. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early October. As of June 07, 2024, BTIG Research has initiated its “Buy” rating for LC. Earlier on November 28, 2023, Piper Sandler 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 2.60%. Over the course of the year, LendingClub Corp shares have jumped approximately 62.24%. Shares of the company reached a 52-week high of $15.52 on 10/24/24 and a 52-week low of $7.48 on 04/30/24. A 50-day SMA is recorded $11.91, while a 200-day SMA reached $9.66. Nevertheless, trading volume fell to 1.77 million shares from 2.93 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 14.00, which, if violated, would cause prices to drop to 13.82. In the upper region, resistance lies at 14.52. The next price resistance is at 14.86. RSI (Relative Strength Index) is 66.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.97, which suggests the price will decrease in the coming days. Percent R is at 39.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
