Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LendingClub Corp shares valued at $9,603 were sold by Selleck Erin on Nov 05 ’24. At $13.66 per share, Selleck Erin sold 703 shares. The insider’s holdings dropped to 64,774 shares worth approximately $0.97 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, Selleck Erin purchased 703 shares, netting a total of over 9,603 in proceeds.
Before that, Morris John C. had sold 2,500 shares from its account. In a trade valued at $35,895, the Director traded LendingClub Corp shares for $14.36 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $3.03 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 5.22%. Over the course of the year, LendingClub Corp shares have jumped approximately 70.71%. Shares of the company reached a 52-week high of $15.72 on 11/06/24 and a 52-week low of $7.48 on 04/30/24. A 50-day SMA is recorded $12.15, while a 200-day SMA reached $9.81. Nevertheless, trading volume fell to 2.41 million shares from 4.36 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 14.59, which, if violated, would cause prices to drop to 14.26. In the upper region, resistance lies at 15.28. The next price resistance is at 15.63. RSI (Relative Strength Index) is 65.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.94, which suggests the price will decrease in the coming days. Percent R is at 22.35%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
