Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LendingClub Corp shares valued at $326,181 were sold by Cheng Jordan on Nov 08 ’24. At $14.83 per share, Cheng Jordan sold 22,000 shares. The insider’s holdings dropped to 89,385 shares worth approximately $1.42 million following the completion of this transaction.
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Also, Sanborn Scott sold 17,000 shares, netting a total of over 253,125 in proceeds. Following the sale of shares at $14.89 each, the insider now holds 1,339,273 shares.
Before that, Cheng Jordan had added 22,000 shares to its account. In a trade valued at $326,181, the Officer bought LendingClub Corp shares for $14.83 each.
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 5.16%. Over the course of the year, LendingClub Corp shares have jumped approximately 81.92%. Shares of the company reached a 52-week high of $16.16 on 11/13/24 and a 52-week low of $7.48 on 04/30/24. A 50-day SMA is recorded $12.97, while a 200-day SMA reached $10.14. Nevertheless, trading volume fell to 1.72 million shares from 1.07 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 15.28, which, if violated, would cause prices to drop to 14.65. In the upper region, resistance lies at 16.25. The next price resistance is at 16.59. RSI (Relative Strength Index) is 67.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.28, which suggests the price will decrease in the coming days. Percent R is at 10.12%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
