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 $269,217 were sold by Sanborn Scott on Dec 05 ’24. At $15.84 per share, Sanborn Scott sold 17,000 shares. The insider’s holdings dropped to 1,329,184 shares worth approximately $21.52 million following the completion of this transaction.
Also, SCOTT SANBORN purchased 51,000 shares, netting a total of over 809,880 in proceeds.
Before that, Cheng Jordan had sold 22,000 shares from its account. In a trade valued at $326,181, the General Counsel & Secretary traded LendingClub Corp shares for $14.83 each. Upon closing the transaction, the insider’s holdings decreased to 22,000 shares, worth approximately $1.45 million.
As published in a research note from JP Morgan on December 02, 2024, LendingClub Corp [LC] has been rated down from an Overweight to a Neutral and the price target has been revised to $17. Analysts at Maxim Group resumed the stock at ‘”a Buy”‘ outlook in a report released in late October. As of October 10, 2024, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for LC. Earlier on June 07, 2024, BTIG Research initiated its rating. Their recommendation was “a Buy” for LC stock.
Analyzing LC Stock Performance
During the last five days, there has been a drop of approximately -0.80%. Over the course of the year, LendingClub Corp shares have jumped approximately 85.24%. Shares of the company reached a 52-week high of $18.75 on 12/17/24 and a 52-week low of $7.48 on 04/30/24. A 50-day SMA is recorded $15.47, while a 200-day SMA reached $11.20. Nevertheless, trading volume fell to 1.4 million shares from 1.13 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 15.98, which, if violated, would cause prices to drop to 15.76. In the upper region, resistance lies at 16.54. The next price resistance is at 16.88. RSI (Relative Strength Index) is 50.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 77.81%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
